Btooom! tomo 25
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The document discusses the history and development of paper money. It details how paper money was first used as promissory notes and certificates that could be exchanged for precious metals like gold or silver. Over time, governments and banks began to issue paper money that was not backed by precious metals, but rather backed by the good faith and credit of the issuing institution. This transitioned paper money into becoming the fiat currency that it is today.
