简要银行英语(bankingenglish).pdfVIP

Banking English Unit One Introduction Section One: The Introduction of currency Passage One: The Origin of Currency In ancient history coins circulated as money long before paper money was used. The earliest coins are believed to th have originated independently in both China and the ancient kingdom of Lydia in the 7 century BC. In about 500 BC, The famous Persian King, Darius, revolutionized the economy of his empire by using coins as a substitute for barter. Evidence of this change has been found in the well-preserved inscriptions and rock carvings in Persepolis in Iran. th Paper money appeared in China in the 8 century. It is well-known that printing with movable blocks was invented in China approximately 50 BC, and paper was firsts manufactured there in about 100 AD, both necessary to the manufacture of paper currency. The earliest paper money consisted of receipts that were issued either for valuables deposited at special shops for safekeeping or for taxes paid-in kind and held on deposit in a provincial center rather than being shipped to the th th capital. Visitors to China during the 12 and 13 centuries were impressed by the use of paper money. Marco Polo th regarded “the coinage of this paper money” as a novel way of doing what the alchemists had tried. In the 13