Issued by banks to replace commercial paperbank money。one kindCredit currency。Generated from currency executionMeans of paymentFunctions toCommercial paperCirculation is the foundation.When the commercial paper is not due, the bill holder needs to turn the commercial paper into cash for some reason and goes to the bank to discount it.But there is no cash in the bank to payBill discountPeople will use notes issued by themselves (i.e. bank notes) instead of private personsCommercial paper。The holder can cash the bill at any time with the bank note.Banknotes are widely used because of the double guarantee of gold and credit.The issuance of banknotes can not only enable banks to expand their credit business beyond their actual capital, but also meet thecommodity productionThe additional demand for money caused by development.
Origin and development
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Banknotes first appeared in the 17th centuryCommercial paperIt is generated on the basis of circulation.becauseCommercial paperOfCirculation timeAnd circulation scopebank creditOur bank notes are not limited by the payment date, and can be exchanged for gold at any time. With a solid credit foundation, our bank notes are widely used.holderUse it insteadMetal currencyAs a means of circulation.The amount of banknotes in circulation is subject toCommodity circulationAdjustment required."As long as bank notes can be exchanged for currency at any time, banks issuing bank notes must not arbitrarily increase the number of bank notes in circulation" (The Complete Works of Marx and Engels, Vol. 25, p. 594).WhenCommodity circulationWhen more money is needed for expansion, bank notes will be used asMeans of circulationandMeans of paymentget intoCirculation field。WhenCommodity circulationZoom out,Means of circulationandMeans of paymentWhen it seems too much, it flows back to the bank.
Early bank notes were created byprivate bank Issued.After the middle of the 19th century,capitalist countryThe issuance of bank notes by the central bank or its designated banks gradually changed from private banks.World wide in 1930seconomic crisisLater, all countries gave upgold standardSystem.the Second World WarAfter, allcapitalist countryThe currency ofcentral bankIssue non convertible notes asMeans of circulation。This kind of paper money is different from bank notesMeans of circulationLittle or noCommercial paperAs a guarantee with gold, it cannot be exchanged for gold.It is issued according to the government's laws and regulations, which stipulates that the currency must be accepted in the payment of all public and private debts, so it is called“Legal tender”（legal tender）。
Contact difference
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contact
Paper money is issued by the state for compulsory useCurrency symbol。
Banknotes are also a currency symbol.
Both bank notes and bank notes have no value in themselves, which is the same.
difference
(1) Paper money is produced from the function of money as a circulation medium;Banknotes, on the other hand, originate from the credit relationship, that is, when money acts asMeans of paymentFunction.
(2) Paper money is issued and relied on by the governmentState powerCompulsory circulation;Bank notes are issued by banks through short-termDiscount of commercial paperIssued in the form of.
(3) Banknotes cannot be cashed, but bank notes can be cashed;
(4) Paper money such asOverissuanceWill depreciate, but bank notes will not depreciate.
Non devaluation
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First, the issuance of bank notes should be discounted by the bankCommercial paperBased on.
Second, bank notes must be convertible into precious metal currency at any time, that is, bank notes must have double guarantees of credit and gold.
