神马作文网英语翻译However,provided that the quantity of fiat money is not
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英语翻译
However,provided that the quantity of fiat money is not allowed to grow too rapidly,it has a reasonably steady value in terms of the goods and services that it will buy.People are willing to accept fiat money in exchange for the goods and services they sell only because they know it will be honored when they go to buy goods and services.The bills and coins that we use in the US today-collectively known as currency---are examples of flat money.Because of the creation of flat money,people are willing to accept a piece of paper with a special watermark,printed in green ink,and worth not more than a few cents as a commodity in exchange for 100 dollars worth of goods and services.The small metal alloy disk that we call a quarter is worth almost nothing as a piece of metal ,but it pays for a local phone call and many other small commodities.The replacement of commodity money by fiat enables the commodities themselves tto be used productively.
However,provided that the quantity of fiat money is not allowed to grow too rapidly,it has a reasonably steady value in terms of the goods and services that it will buy.People are willing to accept fiat money in exchange for the goods and services they sell only because they know it will be honored when they go to buy goods and services.The bills and coins that we use in the US today-collectively known as currency---are examples of flat money.Because of the creation of flat money,people are willing to accept a piece of paper with a special watermark,printed in green ink,and worth not more than a few cents as a commodity in exchange for 100 dollars worth of goods and services.The small metal alloy disk that we call a quarter is worth almost nothing as a piece of metal ,but it pays for a local phone call and many other small commodities.The replacement of commodity money by fiat enables the commodities themselves tto be used productively.
然而,如果不兑换货币的数量是不允许长得太迅速,它有一个合理稳定的价值的商品和服务方面的,它将购买.人愿意接受纸币换了他们只卖出的商品和服务,因为他们知道它会被尊重当他们去购买商品和服务.钞票和硬币的,我们使用了美国today-collectively称为货币的例子——是平坦的钱.因为创作的平坦的资金,人们愿意指挥中心
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fiat money ,fiat currency是什么意思?
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