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"Mr. Li, please pay a deposit of 30% first. You are also an old customer who often patronizes the contempt, just erase the odd and a little bit of the yuanshi. ”

The color on Li Zhaochang's face remained unchanged, nodded slightly, put down the bill, took out a book-sized leather book from his arms, and took out a piece of paper from it.

It is a sheet of yellow paper, slightly smaller than a book, with only three lines of text arranged vertically, and the top of the umbrella is used.

Among them, the top of the sky is a line of small seals, on which it is written: When the Yuan stone is a square, there is a red seal on this line of words.

The lower two lines on the left and right are standard regular scripts, and it is written on the left that the ticket will be redeemed at the sight of the door. On the right, the local market price is exhausted. There is also a line of small words in the lower right, Tiantongmen respects.

There are also various secret marks, ornaments and drawings on this paper, which are presumably used to prevent counterfeiting.

The young man's heart couldn't help but move when he saw this. Although he had heard of it, it was the first time he saw the real thing, so he asked, "Father, is this a food stamp?"

Li Zhaochang replied nonchalantly: "Exactly." ”

Speaking of this food stamp, I have to mention that the flower family of the eldest son of Huayuan Chun is also listed among the nine families in Yangzhou.

Liangzhou to the west and Yangzhou to the east, these two places have a similar climate to Jingzhou, and the hydrological conditions are even higher than Jingzhou's soil fertility. The rice in these three places is basically harvested twice a year, and in the south of Yangzhou, it can even be harvested three times a year.

Therefore, Yang, Jing and Liangzhou can be called the land of fish and rice, and the grain producing states.

If there is a surplus of grain, it will naturally have to be sold to other places, and it is mentioned in the previous document that there is no artificial obstacle to the commerce of this Chixian County, and with the help of immortal arts, the geographical isolation of long-distance travel is not a big problem.

However, it is said that the geographical conditions of Yangzhou are very good, and there are many people who have opened up mountain gates here to establish families. Gradually, some of the denominations with grain businesses came together. Their original intention was only to save logistics costs and reduce the risk of transportation.

Anyone with a little economic knowledge knows that the transportation industry depends on scale, and the larger the overall scale, the lower the unit cost. As a result, different sects and families united and established the predecessor of Tiantongmen, the Wantong Chamber of Commerce, less than a hundred years ago.

In fact, in the beginning, it was just a logistics provider that integrated dart boards, car dealers and ship dealers to serve the grain trade. Its establishment has provided a lot of convenience to the local merchants in Yangzhou, and they do not need to be escorted with the goods. As long as they hand over their food to the local branch in Yangzhou, they will send it to their destination in the north.

The communication of the Xianxia world is unattainable, and now the merchant doesn't even need to hurry, and the distant customer negotiates the price or the exchanged goods, and after confirming the payment method, he directly gets the receipt from Wantong Commercial Bank to the customer, and asks them to go to the Chamber of Commerce to pick up the goods.

Next, the two parties to the transaction felt that why bother, wouldn't it be simpler to directly let the Chamber of Commerce become a third party?

Do you know what tricks can be played on this very simple third-party transaction? Everyone must know, because just look at Alibaba and Alipay.

To put it simply, on this basis, the Vantone Chamber of Commerce has transformed from a purely transportation merchant mutual aid association into a trading giant.

Due to the diversification of goods and the diversification of demand, business forms have also become complex. And because there is such a third-party trading platform, which greatly simplifies the transaction costs of all parties to the transaction, Vantone Chamber of Commerce has become the largest middleman in Kyushu, and the price difference and handling fees earned in it alone are staggering.

What really makes Vantone Commercial Bank one of the people in the world is the commercial paper generated by these trade practices, and the financial services industry that surrounds these notes.

There may be some officials who are not familiar with trade and financial practices, so here is an explanation for you. To give a less complicated example,

A grain merchant in Yangzhou sold a batch of grain to an old customer in Yongzhou, but the old customer was short of cash, so he wrote an IOU to him. Naturally, this IOU has the names of both parties, the amount borrowed, the interest calculation, the repayment date and the optional mortgage method.

After that, the Yangzhou grain merchant negotiated a business with others to buy horses, and this time it was his turn to run out of funds. The repayment date of that loan has not yet arrived.

So he found the Vantone Chamber of Commerce, hoping to transfer the loan to the Chamber of Commerce, and he only needed the original amount of the loan and the interest due. The Yangzhou merchant sacrificed the interest after this and got the cash. This act is known in our world as discounting.

The Chamber of Commerce accepted this offer in view of the fact that both parties are regular customers who have cooperated for many years, and that the debtor has goods that can be used as collateral within the Chamber of Commerce. The Chamber of Commerce undertook this redemption, which is acceptance.

When the repayment date came, the Chamber of Commerce got back the loan and all the interest from the Yongzhou guests, and all three parties got it.

Yongzhou merchants paid some interest to obtain the goods in advance to meet their needs. The Yangzhou merchant sold the goods to earn profits and interest in the early stage of the loan, and at the same time, he relied on discounts to revitalize the funds so that he could participate in the next round of transactions and earn profits again. The Chamber of Commerce uses idle funds to earn an interest.

Just like our ancestors said, money and goods to the gods, there is no way to hide savings, but to see its function through accommodating circulation.

At this moment, if Woking, the wealthy lady of the DND Ferron plane, also exists in this world, it is estimated that she can suddenly rise from weak divine power to medium divine power.

This simple act of helping means that the bill becomes a special commodity! From then on, the bill can be transferred, bought, sold, and the parties involved in it can profit from it.

By the way, IOUs are priceless securities in the Celestial Empire at the moment and cannot be transferred.

Wait, some professional or careful officials are going to say when they see this, so what is the currency they borrow and borrow and turn around?

Ladies and gentlemen, imagine that if we have such a miraculous mineral in our world, it can not only improve people's physique, prolong life, and live forever, but also a very high combustion rate of clean energy, which can be powered by special machinery and tools, and is also zero pollution; and even more amazing is that it is also an important and indispensable industrial raw material, and is a necessary material for making precision electronic equipment.

Then it is likely that we will not have an agricultural civilization and an industrial civilization, but a civilization will be built directly on top of it, and all the economic activities of this civilization will necessarily revolve around it.

That's right, the currency mentioned in the previous document is another specialty of the Xianxia world, Yuanshi.

The reason for this is the well-known sentence that Yuanshi is naturally not currency, but currency is naturally Yuanshi.

But using Yuanshi as the standard currency will face a dilemma. In fact, this dilemma has always run through the history of the ancient Celestial Empire in our world, at least before the middle of the Ming Dynasty. Of course, now there is a high-end atmosphere on the grade of the saying, deflation.

This deflation is not caused by the structural economic problem of insufficient aggregate demand, because ancient China has always maintained its position as dumping products all over the world, but simply because of the technical problem of insufficient money supply.

Of course, it's not that there was no inflation in ancient China. Instead, the scale is extended, from the implementation of the five-baht coin in the Western Han Dynasty to the middle of the Ming Dynasty when a large amount of silver was imported into such a long period of time.

Most of China's gold and silver sources are not in the core area of Chinese civilization, and the ancient mining technology is poor, so we did not use gold and silver coins like ancient Greece and Rome from the beginning, but used copper coins.

Ancient Chinese copper coins could basically perform the functions of gold and silver currency, such as unlimited legal compensation, free minting and free exchange, but lacked the function of storage. This is not to say in absolute terms that no one stores copper coins as deposits, such as the famous "Fengchun money" accumulated by the Northern Song Dynasty in order to recover Yanyun.

Rather, compared with gold and silver, copper coins, especially private money with non-standard content and all kinds of "dang money", are very in line with the monetary principle that bad money drives out good money, which means that instead of no one storing it, they will find a way to spend it early.

However, even if copper, which was more easily mined and had a much larger stock than gold and silver, as currency, it was still not enough to meet the currency needs of ancient China.

The reason is simple, people can take the copper coins issued by the government directly back and mint them into bronze ware, or simply mint them into private money. There have also been several rulers in history who tried to decouple the face value of copper coins from the copper content, such as Wang Mang's new money, Dong Zhuo's small money, Liang Wutie money, and various names of dangwu as ten coins.

Of course, they all suffered a shameful defeat.

The most exaggerated example is Dong Zhuo's small money, which only reduced the copper content by one-fifth, and as a result, the price skyrocketed by 10,000 times!

It can be said that it was not Diao Chan Lu Bu who killed Dong Zhongying, but the penniless money he ordered. Of course, there is also a very "idealistic" reason, the raw materials of these coins come from the copper coins minted by the first emperor, or they are dug up by tomb robbery, which is really not a good sign.

So after entering the Tang and Song dynasties, which were at the height of China's feudal society, paper money began to appear.

Returning to the world that the boy is in now, the Yuan Stone is a necessary thing for cultivation, and at the same time, it is also a consumable product. Except for the fact that the immortal family had to take it out and exchange it, they basically stored it in zài's own treasury.

Then when there are not many commodities in the market, mainly transactions between immortals, those circulating yuan stones can barely maintain the demand for circulation. However, with the development of commerce, especially when trade between mortals accounted for a greater proportion, the society as a whole would lack a yuan stone currency, that is, deflation was imminent.

Of course, at this time, there were also other commodity currencies in the market, such as the Tie family's self-made half a tael of Xuantie coins, which was more primitive, and there were similar products in other places: pills, talisman money, jade, and so on. However, these currencies are commodities in their own right, and they are limited by production and cannot function as the currency of the whole Kyushu.

Fortunately, a few decades ago, Chixian Zhongzhou was about to undergo deflation due to the lack of money supply in Yuanshi. The commercial paper of Vantone Chamber of Commerce came into being and matured rapidly in business practice, so that this hidden danger can be eliminated.

This is not to say that there is a powerful person within Wantong Commercial Bank who pinches his fingers on a whim and lets the bills pass through this Chixian Zhongzhou. It is the so-called situation that creates heroes, and at this cusp, Wantong Commercial Bank, which created the bill industry, has just become the tide of the times.

These bills immediately assumed the function of currency, and then exhibited a currency that could not be regarded as real money, and became a hard currency second only to Yuanshi, especially in large transactions among mortals. This is called a bank bill in this plane, and in this case it is called a food stamp.

The name shows the difference between food stamps and real money. The bearer can take this bearer bill directly to Tiantongmen and its branch to redeem huàn grain on the spot. It is worth noting that this is according to the so-called "market price".

Naturally, this market price is naturally set by Tiantongmen according to the market situation. As a result, they have the power to set grain prices everywhere!