02-02-2010, 10:23 AM
money (banknotes) have always been
a credit note. on the english notes it tells you so;
it says; "i promise to pay the bearer" all it is is a promissory note.
it's used in lieu of goods.
as long as i get x amount of goods for x amount of currency i don't care how much of it has been printed.
a credit note. on the english notes it tells you so;
it says; "i promise to pay the bearer" all it is is a promissory note.
it's used in lieu of goods.
as long as i get x amount of goods for x amount of currency i don't care how much of it has been printed.