[Answer] Which country had the first paper money?

Step 1 : Introduction to the question "Which country had the first paper money?"

...1. France 2. United States 3. China 4. Great Britain

Step 2 : Answer to the question "Which country had the first paper money?"

China - It was under the Chinese Tang Dynasty in the early ninth century CE that the first paper money in the world was issued. The banknotes were known as "flying money" and were introduced for Silk Road traders who did not want to carry heavy metal coins. Instead, the traders would exchange their coins for a certificate worth the equivalent value which they could later redeem. The Chinese continued to use paper money in a number of guises and during the Ming Dynasty (1368-1644), there was an attempt to replace all coins with paper money, but the ploy failed due to hyperinflation. It was not until the 17th century that banknotes were issued as currency in Europe, and the first permanent banknotes were created by the Bank of England, which was established in 1694.:

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