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Which is more expensive, euros, dollars and pounds?
1 euro =7.3122 RMB
1 pound =8.5743 RMB
1 dollar =6.386 RMB (the data are for reference only, subject to the transaction price at the bank counter, updated at 14: 16 on November 15, 221)
That is to say, three currencies with the same denomination, and the pound is relatively in China. In fact, paper money itself has no value. If it does, it is also the value of a piece of paper. It is more like a voucher, and the effectiveness of this voucher is given to it by the state or organization.
paper money is a compulsory value symbol issued by the country (or some regions) to replace metal money in circulation. At first, people thought that only metal money was money. After the emergence of value symbols such as paper money and bank notes, people brought them into the currency range. Later, I gradually realized that bank deposits also have the same nature as paper money, which can be used to buy goods and pay for services. Moreover, there are frequent reciprocal transformations between bank deposits and metal money and paper money. Metal money, paper money, etc. are deposited in the bank, that is, bank deposits, and taken out of the bank, that is, metal money, paper money and other currencies. This transformation between metal money, paper money and bank deposits is not a transformation between money and non-money, but a transformation between two different forms of money.
Paper money is money, which can only perform some functions of money: means of circulation and means of payment. In some countries, paper money can also perform the functions of money of the world (such as USD, Euro, etc.). Renminbi is the legal tender of the People's Republic of China, and it is issued by the People's Bank of China authorized by the People's Republic of China. 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 the "Jiaozi" in Chengdu, Sichuan during the Northern Song Dynasty in China. China is the first country to use paper money in the world.
actual amount of money needed in circulation = total price of goods/currency circulation times.
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