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Which country first used paper money?
China.
What country first used paper money?
The first known use of paper money was in china during the 7th century; it was used to reduce the amount of coinage carried by travelers as it weighed too much.
What happened when the states printed hundreds of millions of dollars worth of paper money to pay for the war?
When states printed hundreds of millions of dollars worth of paper money to finance the war, it led to significant inflation and a decrease in the value of the currency. The excessive money supply outpaced the availability of goods and services, causing prices to soar. This devaluation eroded public confidence in the currency, leading to economic instability and hardship for many citizens. Ultimately, the over-reliance on printed money contributed to the financial challenges faced during and after the war.
What did money look like in world war 2?
During World War II, money varied widely by country, often reflecting wartime economies and resource scarcity. In the United States, paper currency was similar to pre-war designs but saw the introduction of "war bonds" and the use of ration tokens for essential goods. In occupied territories, countries often experienced currency devaluation, and some used military-issued scrip. Additionally, many nations resorted to barter systems due to inflation and shortages, making traditional cash less prevalent.
What is the paper currency printed by the union government that fell victim to wartime inflation?
Greenbacks
What is the name of the country that first used paper currency in the world?
China used paper as currency in the world for the first time.
Which is the first country to issue to paper currency?
china
When was the first metal and paper money currency created?
In the 600's there were paper currency in China and by 960 the Song Dynasty issued the first currency notes. And metal coins was before the paper currency came into existence.
Do all countries have paper money?
No. Some use currency from another country.
What country is the origin of the first paper money?
China was the first country to use both paper money and the printing press.
What was the First country to issue paper currency?
ALMOST CERTAIN . CHINA'
What denominations does paper money come in?
Paper money typically comes in denominations ranging from $1 to $100 in the United States. Other countries may have different denominations for their paper currency, depending on their currency system and value of their currency.
What are coins and paper bills called when used as money?
Coins and paper bills used as money are called currency.
What is word for currency which includes coins and paper money.?
The word for currency that encompasses both coins and paper money is "cash."
When and who issued the first paper currency?
Paper money is issued by the Federal Reserve.
Which country first used paper money?
China.
Which country was the first to print paper money?
america
