bank note

銀行券／ bank-note　—　Institutions

A paper issued by a bank promising to pay.

Banknote of the Banque Royale — A photograph of the real thing this term names.

Banque de France note, 20 francs — A photograph of the real thing this term names.

It reads, 'Will pay the bearer in gold coin on demand'. As long as the bank was trustworthy, the paper would pass from hand to hand. ⚠ In eras when there were multiple issuing banks, notes of the same face value circulated at a discount depending on the bank.

Terms explained using this word

privilege

Courses where this term appears

A06 The World of the Gold Standard B09 Minting Technology B11 Paper Money B12 Banking and Credit B19 Modern Money C02 The Unifiers E7 Provenance and Law P4 How Money Works — A Layman's Version

Where this word appears

Overview: 2,700 years of the world　The birth of finance　The London Goldsmiths
General Introduction: 2700 Years of World History　Paper as a Promise　The Goldsmith's Receipt
United States　The national banking system　Washington, the Treasury
Greece　A Name Revived　The head office in Athens
Greece　Clinging to an Alliance　Bank exchange counter
France　John Law's bubble　Rue Vivienne, Paris
France　The emperor who fought with metal　The vault and teller's window of the Banque de France
France　The banker king and the age of credit　The Banque de France, Paris

and 25 more chapters

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