Banknote

Banknote is also known as a bill, paper money or fiat money. Banknote is a note issued by government or bank, which is licensed by authorities and broadly accepted by market participants.

References

• Wray L. R. (2012), Introduction to an Alternative History of Money. Levy Economics Institute, working paper No 717.
• Solomon D. and Spurling T. (2014), The Plastic Banknote: From Concept to Reality. CSIRO Publishing, Australia, Collingswood.
• Lannoye V. (2015), The History of Money for Understanding Economics, Vincent Lannoye.

Author: Nikita Shtemenko