Nature of Hundi in Post-Harsha Period

A 'Hundi' was a financial instrument developed in medieval and ancient India for use in trade and credit transactions. It essentially functioned as a bill of exchange, a promissory note, or a remittance instrument allowing merchants to transfer money across distances safely without carrying physical cash. > One-line conceptual takeaway: Pre-modern trade routes relied heavily on indigenous credit networks utilizing instruments like the Hundi. Answer: (c).