Davanzati's exchange has been completed (history has repeated itself). 'You' have managed to get around usury laws and turn a profit on exchanging bills. The next step would be for 'You' and Tomasso to share their spoils, most likely through corresponding (nostro-vostro) accounts. Correspondent banking is explained in another module on this course.

However, this particular set of exchanges is not the only way to turn a profit. Can you figure any other ways to make a profit through the art of sixteenth century exchange banking?

Assignment: Go through Davanzati's example again or try some different exchanges out. You can toggle the certainty quotes (altering the network hierarchy) or alter the echange rates. Then move on to the next module in the course.

me: Florence

Assets
Liabilities

you: Florence

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Liabilities

Federigo: Florence

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Liabilities

Salviati: Lyons

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Liabilities

Tommaso: Lyons

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Liabilities

Piero: Lyons

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Liabilities

me: Florence