Question

What did Muslim traders often rely on to avoid having to carry large amounts of gold over great distances?

a) Barter system
b) Letters of credit
c) Cryptocurrency
d) Gemstones

Answer 1

Muslim traders often relied on letters of credit to avoid carrying large amounts of gold over great distances.

Step-by-step explanation:

Muslim traders often relied on letters of credit to avoid having to carry large amounts of gold over great distances. Letters of credit were recognized in other Islamic lands and allowed merchants to travel without carrying large amounts of gold. They were a form of financial guarantee or promise from one merchant to another that payment would be made at a later date.