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Why were guilds trusted with money deposits?

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Guilds were trusted because of their established commercial reputation, strong financial stability organized internal discipline through guild courts and reliable capacity to generate consistent returns through profitable craft enterprises.

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  1. Guilds earned public trust through their high financial stability, long-term commercial permanence and strict internal discipline enforced by autonomous guild courts. Because their active craft manufacturing and trading ventures generated steady economic profits, patrons knew their capital was secure. This strong professional credibility ensured guilds could reliably fulfill legal obligations and pay continuous interest across generations.

     

    For more NCERT Solutions of Class 9 Social Science Chapter 5 State and Society up to 1000 CE Question Answer (2026-27)

    https://www.tiwariacademy.com/ncert-solutions/class-9/social-science/

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