Which country was the first to use paper money?
AChina
BUSA
CGreece
DItaly
Explanation
• Paper currency was first used in China during the Tang and Song dynasties.
• It was originally known as ‘jiaozi’.
• It replaced heavy metal coins for long-distance trade.
Exam Relevance
- Topic: Competitive Exams
- Subtopic: FPSC/PPSC Past Papers
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