The first known examples of paper money1(create) in China over a thousand years ago. Now, China is the first major economy2(produce) and distribute a digital currency. The digitalyuanis a form of central bank digital currency,3is issued by the People’s Bank of China. It is a digitized...
Which four of the following are examples of money markets as opposed to capital marketsA. Sterling commercial paper market.B. Government bond market.C. London Stock Exchange.D. Interbank market.E. Finance house market.F. Certificates of deposit market. 正确答案:A,D,E,F 分享到: 答案解析: ...
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The first recorded use of paper money was purported to be in the country of China during the 7th century A.D. as a means of reducing the need to carry heavy and cumbersome strings of metallic coins to conduct transactions. Similar to making a deposit at a modern bank, individuals would t...
Gresham’s law is evident when paper notes are accepted by the population and circulate along with gold and or silver coins. During the Revolutionary War in the United States, bad paper money, accepted as a form of payment at the time, drove all valuable gold and silver coins, good money...