5 thoughts on “Is it the same for banknotes and credit currencies? What's the difference?”
Sara
Not the same, credit currency when banknotes, but credit currencies are not necessarily banknotes or virtual currencies. The difference is: 1, the foundation of the two has different foundations. Modern credit currencies have the functions of currency circulation. It represents the medium of metal currency as a medium of commodity exchange. It is a complete form of value symbols; bank vouchers generate in currency support Paying means. The foundation it produces is credit relationship. 2, the main body of the two is different. Modern credit currencies are compulsive issued and circulated by the state government by relying on state power, constitute the state's long -term liabilities of the public's long -term five needs to be repaid; typical bank vouchers are issued by commercial banks through the discount of commercial bills Public debt.
3, the exchanges between the two are different. Generally speaking, modern credit currency cannot be exchanged for gold, and can only be circulated in the market as a currency symbol; typical bank vouchers issued banks to ensure that bank vouchers are exchanged for metal currencies at any time.
4, the value performance of the two is different. Because modern credit currency cannot be freely converted into gold, when the number of banknotes in circulation is inconsistent with the actual needs in circulation, the nominal value and actual value of modern credit currency will be deviated. Price rising; bank vouchers can ensure that it is exchanged for metal currencies at any time, and there will be no departure of nominal value and actual value. Generally, depreciation will not occur. Extension information: Curning form In the modern economy, credit currency includes the following main forms: 1, period votes: in the purchase transaction of goods Commodities can not pay the current payment, just issue a debt certificate that pays the arrears to the other party. At the time of expiration, the ticket holder can ask the ticket to obtain the current with the amount of the ticket. Without a period of time, the creditor signs the debt on the back of its back, and the entranceator can also use it as a purchase or payment method to buy goods or repay the debt. 2, bank vouchers: Bank vouchers that are generated on the basis of the circulation of commercial bills and are guaranteed by bank credit, are also a credit currency. The holder can use it to replace the metal currency. It does not have a fixed payment date and can be exchanged for gold at any time; its ticket amount is a fixed integer to facilitate circulation; it is guaranteed by gold and bills, and the credit basis is relatively stable and can be circulated within the range of bank credit. However, due to the abandonment of the golden standard system and stopping the exchange of bank vouchers in various countries, capitalist countries generally issued banknotes that are not fulfilled as circulation as a means of circulation. 3, check: With the development of capitalist banking business, checks played a role in circulation, becoming the main form of replacement of currency payment of debt and transferred between deposits. Before World War II, bank checks have become the main credit currency. The use of checks as a payment method can reduce the amount of currency circulation and save the cost of circulation. 4, auxiliary currency: The auxiliary currency is mostly made of cheap metals. It is generally issued by the government and is cast by a special mint. Its main function is to act as a medium means in small or sporadic transactions. 5, banknotes: The majority of banknotes are issued by a central bank of one country. The main function is to undertake the purchase of people's daily life supplies. 6, bank deposit: deposit is the creditor's right to the bank. For banks, this currency is debt currency. In addition to the transfer payment of bank accounts, deposits must also be paid with the help of checks. In the economic transactions of the whole society, the proportion of bank deposits as payment methods accounts for most. With the development of credit, some small transactions, such as the payment of retailers, the wages of employees, etc., have also widely used this type of currency. 7, electronic currency: Due to the rapid development of technology and the use of electronic computing technology, currency transactions and payment methods have entered a new stage. Electronic currencies usually use computer or storage cards to conduct financial transactions and payment activities, such as a variety of credit cards, storage cards, electronic wallets, etc. Reference information Source Baidu Encyclopedia
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Cultural banknotes are not necessarily credit currencies. The coin itself is worthless. It is because banknotes have national credit. Boarded banknotes have a characteristic-unlimited legal compensation (limited legal repayment), that is, the state's mandatory regulations must accept currency and must not refuse.
The credit currency may be electronic currency in addition to banknotes.
Under the standard of the gold block, the bank has a certain amount of gold blocks for preparation and issuance of banknotes. In the strict sense of this banknote, it can be exchanged for gold blocks in the bank. It is not a credit currency.
The credit currency only represents itself. It is not prepared behind it. It is circulating based on national credit. If the country is there, it can be enforced. It may be forced to stop circulation. The responsible government will determine its circulation according to the needs of the economy, and irresponsible governments may not have control. As a result, credit currency is unstable and prone to inflation.
Cultural banknotes are not necessarily credit currencies.
The credit currency may be electronic currency in addition to banknotes.
Under the standard of the gold block, the bank has a certain amount of gold blocks for preparation and issuance of banknotes. In the strict sense of this banknote, it can be exchanged for gold blocks in the bank. It is not a credit currency.
The credit currency only represents itself. It is not prepared behind it. It is circulating based on national credit. If the country is there, it can be enforced. It may be forced to stop circulation. The responsible government will determine its circulation according to the needs of the economy, and irresponsible governments may not have control. As a result, credit currency is unstable and prone to inflation.
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Not the same, credit currency when banknotes, but credit currencies are not necessarily banknotes or virtual currencies.
The difference is:
1, the foundation of the two has different foundations. Modern credit currencies have the functions of currency circulation. It represents the medium of metal currency as a medium of commodity exchange. It is a complete form of value symbols; bank vouchers generate in currency support
Paying means. The foundation it produces is credit relationship.
2, the main body of the two is different. Modern credit currencies are compulsive issued and circulated by the state government by relying on state power, constitute the state's long -term liabilities of the public's long -term five needs to be repaid; typical bank vouchers are issued by commercial banks through the discount of commercial bills Public debt.
3, the exchanges between the two are different. Generally speaking, modern credit currency cannot be exchanged for gold, and can only be circulated in the market as a currency symbol; typical bank vouchers issued banks to ensure that bank vouchers are exchanged for metal currencies at any time.
4, the value performance of the two is different. Because modern credit currency cannot be freely converted into gold, when the number of banknotes in circulation is inconsistent with the actual needs in circulation, the nominal value and actual value of modern credit currency will be deviated. Price rising; bank vouchers can ensure that it is exchanged for metal currencies at any time, and there will be no departure of nominal value and actual value. Generally, depreciation will not occur.
Extension information:
Curning form
In the modern economy, credit currency includes the following main forms:
1, period votes: in the purchase transaction of goods Commodities can not pay the current payment, just issue a debt certificate that pays the arrears to the other party. At the time of expiration, the ticket holder can ask the ticket to obtain the current with the amount of the ticket. Without a period of time, the creditor signs the debt on the back of its back, and the entranceator can also use it as a purchase or payment method to buy goods or repay the debt.
2, bank vouchers: Bank vouchers that are generated on the basis of the circulation of commercial bills and are guaranteed by bank credit, are also a credit currency. The holder can use it to replace the metal currency. It does not have a fixed payment date and can be exchanged for gold at any time; its ticket amount is a fixed integer to facilitate circulation; it is guaranteed by gold and bills, and the credit basis is relatively stable and can be circulated within the range of bank credit. However, due to the abandonment of the golden standard system and stopping the exchange of bank vouchers in various countries, capitalist countries generally issued banknotes that are not fulfilled as circulation as a means of circulation.
3, check: With the development of capitalist banking business, checks played a role in circulation, becoming the main form of replacement of currency payment of debt and transferred between deposits. Before World War II, bank checks have become the main credit currency. The use of checks as a payment method can reduce the amount of currency circulation and save the cost of circulation.
4, auxiliary currency: The auxiliary currency is mostly made of cheap metals. It is generally issued by the government and is cast by a special mint. Its main function is to act as a medium means in small or sporadic transactions.
5, banknotes: The majority of banknotes are issued by a central bank of one country. The main function is to undertake the purchase of people's daily life supplies.
6, bank deposit: deposit is the creditor's right to the bank. For banks, this currency is debt currency. In addition to the transfer payment of bank accounts, deposits must also be paid with the help of checks. In the economic transactions of the whole society, the proportion of bank deposits as payment methods accounts for most. With the development of credit, some small transactions, such as the payment of retailers, the wages of employees, etc., have also widely used this type of currency.
7, electronic currency: Due to the rapid development of technology and the use of electronic computing technology, currency transactions and payment methods have entered a new stage. Electronic currencies usually use computer or storage cards to conduct financial transactions and payment activities, such as a variety of credit cards, storage cards, electronic wallets, etc.
Reference information Source Baidu Encyclopedia
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Cultural banknotes are not necessarily credit currencies.
The coin itself is worthless. It is because banknotes have national credit. Boarded banknotes have a characteristic-unlimited legal compensation (limited legal repayment), that is, the state's mandatory regulations must accept currency and must not refuse.
The credit currency may be electronic currency in addition to banknotes.
Under the standard of the gold block, the bank has a certain amount of gold blocks for preparation and issuance of banknotes. In the strict sense of this banknote, it can be exchanged for gold blocks in the bank. It is not a credit currency.
The credit currency only represents itself. It is not prepared behind it. It is circulating based on national credit. If the country is there, it can be enforced. It may be forced to stop circulation. The responsible government will determine its circulation according to the needs of the economy, and irresponsible governments may not have control. As a result, credit currency is unstable and prone to inflation.
Cultural banknotes are not necessarily credit currencies.
The credit currency may be electronic currency in addition to banknotes.
Under the standard of the gold block, the bank has a certain amount of gold blocks for preparation and issuance of banknotes. In the strict sense of this banknote, it can be exchanged for gold blocks in the bank. It is not a credit currency.
The credit currency only represents itself. It is not prepared behind it. It is circulating based on national credit. If the country is there, it can be enforced. It may be forced to stop circulation. The responsible government will determine its circulation according to the needs of the economy, and irresponsible governments may not have control. As a result, credit currency is unstable and prone to inflation.
n00:00 / 01: 3970% shortcut keys to describe space: Play / suspend ESC: exit full screen ↑: increase volume 10% ↓: reduced volume decrease by 10% →: single fast forward 5 seconds ←: single fast retreat 5 seconds Press hold up and hold it up. Here you can drag no longer appear in the player settings to reopen the small window shortcut key description