Traditional Culture Encyclopedia - Traditional culture - What are the differences between electronic money and traditional money in comparison
What are the differences between electronic money and traditional money in comparison
As long as it can be used as a general equivalent, as a medium of exchange of physical objects can be used as money. This is the biggest difference between electronic money and physical money. Physical money is currently the most important including, gold, silver, banknotes. In the past there were other things, such as copper. It was different from one period to another. Shells were also used as currency in ancient times. Electronic money is a virtual currency, it is not physical, it is the amount of paper money a person has that is electronically recorded, displayed, and spent. We go to the mall to spend money, use debit card or credit card consumption, is a way to pay with electronic money. Electronic money as currency will be the future. He will replace paper money, but can not replace gold and silver. Because the value of paper money itself is very low, is a credit currency, his value fluctuates greatly, and once the issuance of paper money the government collapsed that paper money into a waste of paper, he is relying on the government credit issued by the credit currency. Electronic money is also a credit currency with a very low value because it is virtual and does not exist in kind.
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