random money fact 10

Описание: money fact 9 #shorts #personalfinance #moneyfact
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The first paper money was used in China around 700 AD, and it was a revolutionary invention that changed the way people conducted their business and commerce. Prior to the invention of paper money, Chinese society had been using coins made of precious metals such as gold and silver as the medium of exchange.

The need for paper money arose because of the inconvenience and risks associated with carrying large amounts of coins around. The use of paper money not only made transactions more convenient but also helped to prevent theft and fraud.

The paper used to make the first banknotes was made from mulberry bark, which was abundant in China. The bark was soaked in water, then pounded into a pulp and spread over a mesh screen to dry. Once dried, the paper was cut into the desired size and printed with the necessary information such as the denomination and issuer.

The first paper money was issued by the Tang Dynasty, and it was called "jiaozi." These banknotes were initially used for small transactions, such as paying for food and other daily necessities.

Over time, the use of paper money spread throughout China and eventually to other parts of the world. Today, paper money is a universal medium of exchange, and it is used in almost every country in the world.

Disclaimer:
In this video, we will be discussing tips and techniques for budgeting and saving money for beginners. Please note that this is not professional financial advice and the information shared in this video is based on research from the internet. The views and opinions expressed are solely those of the creator and are not intended as a substitute for professional financial advice. By watching this video, you agree that the creator of this video cannot be held liable for any financial decisions made based on the information provided.

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