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- W227955021 abstract "This chapter discusses the use of calves as currency standard in Hungry. In the early period after the establishment of Hungary in the Danube basin in 896, the calf was the principal unit of account in Hungary. At the same time, skins and fur-lined garments are claimed to have constituted currency unit. Gold was adopted as a monetary metal at an early period. The unit was the pensa auri. In the laws of the 11th century, one calf was equal to one pensa auri. The wide use of cattle as a store of value is indicated by the fact that the term marha (cattle) had come to be used for every form of mobile wealth. This use of the term continued to the end of the Middle Ages, and to some extent even in the 16th century and after. In large transactions silver was used by weight as the currency. Documents from the 13th and 14th centuries show that payment was often fixed partly in money and partly in kind, though the value of the latter was fixed in marks of silver, the mark being the accepted unit of weight." @default.
- W227955021 created "2016-06-24" @default.
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- W227955021 date "1966-01-01" @default.
- W227955021 modified "2023-09-27" @default.
- W227955021 title "Calves as Monetary Unit in Hungary" @default.
- W227955021 doi "https://doi.org/10.1016/b978-0-08-011679-2.50088-7" @default.
- W227955021 hasPublicationYear "1966" @default.
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