The female ninja let out a long "oh", her pretty face couldn't hide her disappointment, but she still pretended to be serious: "What do you think of me, I paid for it!" ”

"If you take away other people's things, even if you keep enough money according to the price, you will steal it, this is not a supermarket!" Roland said angrily. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

"It's so annoying~" The female ninja pouted, and asked him excitedly in a flash, "What is a 'supermarket'?" Is it a market where you can steal freely? ”

"I'm really convinced!" Roland was speechless, reaching out and pinching her pink face.

"Liuba, the trade fair in Baiou Port is so prosperous, why not simply fix it to facilitate buyers and sellers to trade at any time, but it has to be held only once a year, and the location is different every year, isn't this equivalent to increasing transaction costs in disguise?" Nikita asked.

"The current trade fair model does have the drawbacks you mentioned, but it can't be helped, because the trade fair is not a natural model of the market, but a compromise of trade disputes within our Bend-German League."

Liuba bluntly said the "black history" of the birth of the fair.

"Originally, the allied city-states not only had the free circulation of capital and labor, but also exempted from internal tariffs, but wealth was concentrated in Baiou Port, and the tax revenues of other city-states were sharply reduced, and in order to protect local enterprises, tariff barriers were secretly raised, and local protectionism re-emerged. In order to solve this problem, the alliance convened parliaments many times, quarreled countless times, and finally reached a compromise plan, that is, to hold a trade fair once a year, during which the trade is tax-free, and the major city-states take turns to hold it, and the interests are equal, and this year it is the turn of Baiou Port as the host to hold the trade fair, and the transaction volume has set a new record so far, which shows that the benefits of this business model far outweigh the disadvantages. ”

Listening to Liuba's proud narration and witnessing the booming scene of the Bend Trade Fair, Roland shook his head in his heart: this kind of trade fair model of taking turns to sit in the bank cannot be maintained for a long time. With the development and prosperity of the commodity economy, people may have the need to trade all the time, and many commodities have a very short shelf life, and it is impossible to accumulate for a year before they can be traded.

"It looks like a big, big bazaar, nothing unusual except it's very big." Lyudmila said unconvinced.

"To some extent, the fair is indeed very similar to a large bazaar, but there are many types of commodities available for trading here, if that's all, there is no essential difference with the bazaar, the characteristics of the fair are on the second floor, if you are interested, come with me." Lyuba said with a smile.

"I've been here, of course I'm going to have to go shopping." With a wave of his hand, Roland led the interested girls to follow her to the second floor.

There is a magic barrier at the top of the staircase, and each person pays 1 gold coin to go upstairs. The toll is not much, but it also discourages the vast majority of small traders and crowds of people watching the excitement.

Roland paid the toll for Liuba, and the group successfully climbed to the second floor, and suddenly felt that the noise downstairs was isolated by the spell barrier, and what appeared in front of everyone was a spacious, clean and bright hall, which was divided into many compartments around the hall, and there were signboards hanging outside the doors of each room: woolen trading hall, grain trading hall, ore trading hall, jewelry trading hall, medicinal herb trading hall, olive oil trading hall, wine trading hall...... There are different categories, and *** easy items are either luxury goods or specific bulk commodities.

Lyudmila stopped at the door of the wine trading hall, craned her neck to look inside, and then looked back with a surprised face: "It's really strange, there are no wine barrels in the wine trading hall at all, a few people are drinking tea and chatting there, and some people are settling accounts, it looks like an office." ”

"That's what makes a trade fair special."

Standing in the center of the trading hall, Liuba smiled and talked eloquently, and her temperament changed unconsciously, as if she had changed from a poor painter in plain clothes to a well-mannered lady.

"The fair is like a pyramid, the bottom is filled with small traders, citizens who have fun and buy some daily necessities, circuses and laughing girls; At the middle level, there are bulk goods traders representing various chambers of commerce, and these merchants bring not products, but bills and blank contracts, and most of the contracts concluded are forward transactions; At the top of this pyramid are financial institutions that issue and recycle various bond bills, provide deposits, loans and insurance services, and settle current accounts in a unified manner. As she spoke, she opened the door, "This is the tip of the pyramid of all the commercial activities of the Bend League, the bill trading hall, would you be interested in visiting?" ”

Lyudmila and Veronica looked at each other, what kind of bill transaction? What is clearing and settlement? I don't understand it at all!

"Liuba, can you simply tell me that this bill hall ...... What the hell is it selling? Lyudmila asked with a confused expression.

"The bill hall does not sell physical goods, only provides financial services, in short, its existence can help you complete commodity transactions more smoothly." Nikita couldn't stand it anymore, and rushed to explain for Liuba, "I said Mira, you, occasionally learn a little financial knowledge, otherwise you will be sold by Roland and you will be stupid to count the money for him." ”

"You're saying that's good, but I don't understand it at all!" The female ranger spread her hands, and her delicate appearance made Roland look pity and distress.

"Okay Mira, don't dwell on this issue, let's go in and have a field visit, and see for yourself how they trade and you'll understand."

While comforting his girlfriend, Roland also made waves in his heart, secretly lamenting that he underestimated the heritage of the free trade city-state of Baiou Port, and as far as the financial industry is concerned, its development level has reached the level of the mainstream Western capitalist countries in the 17th and 18th centuries on the earth. For example, the bill trading hall in front of us has begun to take shape as a stock exchange.

The rise of the trade fair is mainly due to the tax exemption during the trading period, followed by the demand for financing credit, the world of Vares transportation is underdeveloped, and it is rare for merchants from all over the world to meet, and it is necessary to hold regular gatherings to concentrate on clearing the bills in their hands.

The Yangbo family originally made a fortune by operating two major businesses: insurance and discounting. Laymen like Lyudmila and Veronica don't understand.

Roland snapped his fingers, "Nikita, you use the simplest and most understandable way to tell these two young ladies who don't know anything about the financial industry what "discounting" is. (To be continued.) )