Which of the following countries first introduced paper currency in the world?
Which of the following countries first introduced paper currency in the world?
(A) USA
(B) Greece
(C) China
(D) France
China was the world leader in paper currency. It started in the Tang Dynasty (7th century) with "flying money," which was private money, and was formally adopted by the government in the Song Dynasty (11th century) with the creation of Jiaozi. This was several centuries before Europe began using paper money.