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Can the bank change a dollar bill?
1. Paper money is low in manufacturing cost, easier to keep, carry and transport, and avoids the wear and tear of coins in circulation. Paper money is a common currency form in the world today, and the earliest paper money in the world was the "Jiaozi" in Chengdu, Sichuan during the Northern Song Dynasty in China. China is the first country in the world to use paper money. Paper money refers to the currency symbol in circulation that is issued by the state and forced to use instead of metal currency. Compared with metal currency, paper money is cheaper to make, easier to keep, carry and transport, and avoids the wear and tear of coins in circulation. Paper money is money and can only perform some functions of money: means of circulation and means of payment. The paper money of some countries can also perform the functions of the world currency (such as US dollar, Euro, etc.). ). RMB is the legal tender of People's Republic of China (PRC) and is issued by the People's Bank of China authorized by People's Republic of China (PRC). The state cannot issue paper money at will, and the circulation of paper money must be limited to the amount of money needed in circulation. The earliest paper money in the world was China's "Jiaozi" in Chengdu, Sichuan during the Northern Song Dynasty. China is the first country in the world to use paper money. The actual amount of money needed in circulation = the total price of goods/the number of times of currency circulation.
With the development of commodity exchange, money appeared. At first, money was served by some recognized equivalents, such as shells. Later, it was gradually represented by precious metals such as gold and silver. Metal coins will wear out and become worthless when used for a long time. People realized that other things could be used instead of money for circulation, so paper money appeared. The earliest paper money in the world was China's "jiaozi" in Chengdu, Sichuan during the Northern Song Dynasty. The earliest paper money used in Europe was issued by the Swedish bank in 166 1, but it was only a stopgap measure at that time, not as a real currency. 1694, the Bank of England was established and began to issue bank notes. The silver slip was originally handwritten, but later it was changed into printed matter. There are more than 200 kinds of paper money in the world, circulating in 193 independent countries and other regions. As the main currency of all countries, paper money reflects the cross-section of the country's history and culture beautifully and in many ways, and communicates the economic exchanges of people all over the world. The more important banknotes in the world are US dollar, Euro, RMB, Japanese yen and British pound.
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