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Explain the concept of a temporary provision of money usually at interest, found in Mongolia.

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Final answer:

In Mongolia, there was a concept of a temporary provision of money usually at interest. The Mongols provided legal and institutional infrastructure to support trade and commerce, including standardization of weights, measures, and currency.

Step-by-step explanation:

In Mongolia, there was a concept of a temporary provision of money usually at interest. The Mongols provided legal and institutional infrastructure to support trade and commerce, including standardization of weights, measures, and currency. In 1253, Möngke Khan established a department of monetary affairs that issued paper money. This enabled taxes to be paid in cash instead of in kind and improved the empire's finances.

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