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... d as a symbol of value all over the world, due to their storage capacity and circulation problems, they are no longer suitable as tools for modern world transactions. In this case, gold and silver guaranteed by national credit Paper money appeared.
Paper currency itself is not as valuable as gold and silver. It is a currency symbol guaranteed by the state government through coercive means and guaranteed by national credit. In the beginning, banknotes could still be exchanged with gold a ...
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