circulating medium

And thus of diminished value as a circulating medium.

Silver was typically the main circulating medium, with gold as the metal of monetary reserve.

Governments, demanding specie as payment, drained the circulating medium out of the economy.

However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium.

On the other hand, Yuan was the first dynasty in China to use paper currency as the predominant circulating medium.

The Yuan Government revolutionized the economy by introducing paper currency as the predominant circulating medium.

So that now, while old rags last, there shall be no lack of circulating medium; whether of commodities to circulate thereon is another question.

Accordingly, any currencies backed by any sorts of value became the circulating mediums of exchange.

By 1900, most of the industrializing nations were on some form of gold standard, with paper notes and silver coins constituting the circulating medium.

The emigres have gone abroad with all the circulating medium they could lay their hands on, and the Government has much difficulty in maintaining the gold reserve.

(The Radical Deficiency of the Existing Circulating Medium 1857).

As new issues became available, the previous ones were consumed, making for that relatively constant circulating medium that Milton Friedman has so eloquently urged.

Older economies would revert to hard currency and barter (economics) when the circulating medium became excessively devalued, generally following a "run" on the store of value.

Unlike the earlier paper money such as Jiaozi, it was the first paper currency to be used as the predominant circulating medium in the history of China.

An Inquiry into the Causes of the Present State of the Circulating Medium of the United States (1815)

In this view, the increase in the circulating medium is the result of the government attempting to buy time without coming to terms with the root cause of the lack of confidence itself.

Recognizing the need for a temporary circulating medium superior to packets of gold dust, Brigham Young and his associates made plans to issue paper currency until coins could once more be minted.

The Song Dynasty was the first to issue generally circulating paper currency, while the Yuan Dynasty was the first to use notes as the predominant circulating medium.

Based on the collateral of these securities, new Bank notes were issued, producing a dramatic increase in the money supply and serving as the principal circulating medium - the "legal tender" - for the country.

Since there was little interest in the coin as a circulating medium, most were placed in United States Mint and Federal Reserve vaults throughout the country, and mintage ceased after 1981.

As notes devalued, or silver ceased to circulate as a store of value, or there was a depression, governments demanding specie as payment drained the circulating medium out of the economy.

The value of over $153,000 in three-dollar pieces still on hand at the Mint at Philadelphia can not be disposed of, owing to the unpopularity of this coin as a circulating medium."

He states that "All variations in the value of the circulating medium are mischievous: they disturb existing contracts and expectations, and the liability to such changes renders every pecuniary engagement of long date entirely precarious."

Such a thing was created that man might be cured of the headache; such another, that his food might be varied; still another, that a convenient circulating medium might be in his power.

Although most commonly used in petroleum exploration, mud logging is also sometimes used when drilling water wells and in other mineral exploration, where drilling fluid is the circulating medium used to lift cuttings out of the hole.