Glossary entry (derived from question below)
English term or phrase:
receipt money
Russian translation:
бумажные деньги, обеспеченные драгоценным металлом
Added to glossary by
Alex Lilo
Jan 18, 2006 22:38
18 yrs ago
English term
receipt money
English to Russian
Bus/Financial
Finance (general)
money
This is also called fully backed commodity money
Proposed translations
(Russian)
| 3 +5 | бумажные деньги, обеспеченные золотом |
Deborah Hoffman
|
Proposed translations
+5
4 hrs
Deborah Hoffman
Native in English
also an attorney with AML background
Native in: English
Works in: Russian to English, English
Related KudoZ points
:
4
English term (edited):
receipt money
Selected
бумажные деньги, обеспеченные золотом
or обеспеченные драгоценным металлом? We had this in the U.S. until the gold standard (золотое обеспечение) was eliminated in 1933. Now money is just paper, worth whatever value people attribute to it.
Peer comment(s):
| agree |
Vanda Nissen
: I agree
5 hrs
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Спасибо!
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| agree |
Natalie Lyssova
8 hrs
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Спасибо!
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| agree |
Sergei Tumanov
9 hrs
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Спасибо!
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| agree |
Svetlana Chekunova
11 hrs
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Спасибо!
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| agree |
Janebel
12 hrs
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Спасибо!
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4 KudoZ points awarded for this answer.
Comment: "ogromneysheye spasibo :-)
"
Discussion
A goldsmith or banker issues paper receipts or certificates al�ways redeemable for an exact quantity of pre�cious metal and the receipts may be traded in�dependently.
it is not talking about the modern money we use but "money" before paper money was ever made.