| 1. | Silver was typically the main circulating medium, with gold as the monetary reserve.
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| 2. | The circulating medium could be reduced by the converse process whenever this was necessary.
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| 3. | The Yuan Government revolutionised the economy by introducing paper currency as the predominant circulating medium.
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| 4. | This ratio is alleged to be approximately 3 of income to 1 of circulating medium.
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| 5. | Accordingly, any currencies backed by any sorts of value became the circulating mediums of exchange.
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| 6. | The successive Yuan Dynasty was the first government to use paper currency as the predominant circulating medium.
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| 7. | To increase the total circulating medium would, nevertheless be the function of the Monetary Authority exclusively.
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| 8. | Thus it seems that the bottom has been knocked out of the original basis underlying out circulating medium.
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| 9. | The successive Yuan Dynasty was the first dynasty in China to use paper currency as the predominant circulating medium.
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| 10. | However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium.
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