Wake up overnight, the sky was filled with snow and snow.

In the palace of the Yellow Girl, the fragrance of tea lingers.

Shao Xun leaned on the back of the couch, looked at Shan Yinan, and said, "If you are idle, you can write a book."

Yang Xianrong was cooking tea when he heard this and glanced at Shao Xun.

Shao Xun smiled at her, as if saying that I had just confirmed that your niece had no children in her belly and had not had time to bully her.

Yang Xianrong turned around and cooked tea.

Shao Xun was extremely satisfied.

He remembered that when she was drinking tea in Guangcheng Palace for the first time, Yang Xianrong "gripped her teeth" and said that she had made tea for outsiders for the first time besides her elders.

How might it be!

"What book does Your Majesty want to write?" Shan Yinan asked softly with his head down.

"Don't be too serious, just pick up some anecdotes. After writing, I will ask the bookstore to publish it."

"Are you a story about Jiangnan?"

Shao Xun thought for a while and said, "But that's right. But I have some anecdotes here."

Shan Yinan looked at him curiously.

Yang Xianrong brought the cooked tea and each of the three of them had a cup of it.

Shao Xun took out the document from his sleeve and placed it on the desk, and began to tell the story of the first commercial paper transaction between him and his daughter in human history.

Shan Yinan listened and looked at the letter.

Honey-scented paper produced in Guangzhou, also known as "agarwood paper", has a faint fragrance.

The color is slightly brown, with a few patterns, the texture is tough and not easy to damage, and it is indeed a good thing to establish the characters.

But as she listened, her thoughts moved to the story itself.

At the end, she opened her cherry lips lightly and said, "Your Majesty calls this thing a "commercial bill."

"If you want to get the money, wouldn't you ask Your Majesty to take it?"

"It has nothing to do with me." Shao Xun stood up and looked for the pen and grind it for a while, then took the pen and dipped it, and said, "Fubao transferred this commercial ticket to me. I will take the ticket to Luoyang Fangshi in April next year. Liu Xiao gave the money to Fangshi, and the Fangshi will give it to me again. The account will be settled and Liu Xiao can do business in the Fangshi."

After saying that, he wrote a line of words behind the commercial bill and said, "I have transferred it to you now, huh, there is still a seal letter. I will ask someone to come and put it on later."

He pushed the commercial ticket to Shan Yinan and said, "You will take this ticket to the market in April next year. This money is yours and has nothing to do with me. It's just that Liu Xiao paid you."

To put it bluntly, this is the private commercial ticket issued by Liu Xiao and the Shangdang Liu family he represented, and the payment date and amount agreed.

The holder can transfer the ticket, but this is cashing in advance, which means that you have to pay something if you take the money in the future to use it now, so you need to transfer it at a discount, which is called "discount".

The transfer text of the handwritten letter behind the commercial bill is called "endorsement".

Shao Xun carefully explained these nouns to Shan Yinan and made sure she understood because she had to write them in the collection of stories, so there was no deviation.

After explaining, he wanted to talk about the origin of commercial bills, but he felt it was difficult to explain the background of the story, so he gave up.

Many tools in the financial industry in later generations have actually developed step by step in the long history.

Commercial tickets appeared in the Middle Ages in Europe.

Due to the shortage of precious metals, a currency called "bank lira" appeared in Italy, which also had no physical objects, but was just a man-made bookkeeping currency.

Merchants gather together to trade in this currency. After the end, some people will definitely make a payment and some will make a payment. At this time, someone will issue payment certificates. When centralized trade is carried out at the same place again the next year, they will first clear the old accounts and then start a new business.

In other words, the repayment period of this payment voucher is one year.

Why do people believe that you will pay in a year instead of running away? In fact, to put it bluntly, those families who do business will always be the notes issued by the Medici family in Florence, and others will recognize them because their family has been in a long and powerful way and has no worries about not paying.

Commercial tickets are supporting financial service tools derived from the centralized trading model of the expo, which can solve a large part of the currency shortage and capital turnover problems caused by the lack of precious metals, which is greatly beneficial to business.

Disputes arising from commercial bills, etc. cannot be ruled out, but what is wrong? The overall benefits outweigh the disadvantages.

Even if there is a dispute, it is a matter between two families (the issuer, the holder), and has nothing to do with the government and the court.

This is something about credit. The test is whether the biller talks about credit or not. If he doesn't talk about it, naturally no one dares to accept his commercial ticket in the future. If he talks about credit, he can also gain real benefits.

"I knew about the market when I was building the postage." Yama Yinan was stunned for a while and said, "I heard that merchants bought and sold each other and stamped them?"

"That's right, it's just a merchant asking for comfort." Shao Xun said: "The two parties don't care about the transactions, but the government office only collects taxes. Perhaps they think that if the government office stamps a seal, the transaction cannot be broken, so they asked the municipal order to stamp it, which looks like a flower, so it is also called "stamp". The market seal charges a little money, and this money is called "stamp duty".

Commercial paper, discounts, and endorsements are all very old things, with stamp duty later, and they appeared at the Amsterdam fairs and stock exchanges in the first half of the 17th century (during the Apocalypse period of the Ming Dynasty).

In fact, they are all derived from the line of centralized trading business model.

To solve the problem of currency shortage, Shao Xun only came up with this method.

If any dynasty issues banknotes in the future, he will also make contributions, because the preheating has given the market a basic acceptance of commercial bills.

After accepting commercial bills, they are not so resistant to the banknotes issued by the court. In fact, they can start with names such as "treasury exchange vouchers" and anchor them to physical objects. In fact, the Japanese yen was originally called "exchange vouchers", but later, after the people adapted, they changed it to being unable to exchange and became a pure credit currency.

Shao Xun briefly talked about things like "Ministry Exchange Vouchers" (anchored cloth), "Shaofu Exchange Vouchers" (anchored salt), and "Sinong Temple Exchange Vouchers" (anchored grain) and other things that are not much different from paper money.

But he was not ready to issue it because he felt that the time was not yet ripe, so he could only try his best to promote some concepts, transform the business model of this era, and enrich the financial knowledge of this era.

Many things must be matched with productivity in the end.

After hearing this, Shan Yinan looked at Shao Xun a few more times and asked, "Your Majesty wants to give the book a name?"

Shao Xun was about to say no, but stopped again, and then said, "It's called "The New Words of the World".

Shan Yinan got up and walked to the same place, took the paper and pen, then knelt down and started writing.

Shao Xun was drinking tea leisurely and watching the beauty write quickly.

This woman is quite special, she doesn’t feel strong at all. Has she been trained by Yang Xianrong?

Yang Xianrong was looking at Shao Xun. Seeing that his eyes were always circling on his niece, he always felt a little uncomfortable.

At this moment, Shan Yinan had finished writing the short story and handed it to Shao Xun.

Shao Xun took it and saw it, "Princess Jingfu hosted a honey-scented paper to pay homage to the emperor, saying that Liu of Shangdang brought 18 dragon coins, and the order was paid to Luoyang Fangshi in April next year."

"The Emperor's Certificate laughed and said, "Is it okay to use seventeen chains of platinum to change this coupon?"

"The princess said, 'Why reduce one of them?'"

"The emperor stroked his beard and said, "The way to change the market is to break the wine and the wine. "

"The princess paused her feet and finally promised her. Then she ordered the left-handed mansion to order the silver cakes to be placed in the bamboo, which was as bright as snow. The princess ordered the retainers to seal the bells on the coupon, and the red patterns were bright."

"The emperor said to his left and right: 'This coupon can be changed again, and it will be beneficial to the market.' The officials of the Shaofu lowered their heads and endured their laughter, but they saw the shadow of the sun shifting, and the room was filled with gold and light.'

After reading it, Shao Xun turned dark and said, "Delete the last sentence."

Shanyi man bows his head and says that.

"I mentioned the commercial bill, discount, and endorsement," Shao Xun said again: "Rewrite."

After saying that, he got up and went to the window and looked at the snow outside.

Yang Xianrong walked over and said softly, "You are getting worse and worse now."

Shao Xun was silent.

"Linyi Bo has sent his divorce letter, do you want it?" Yang Xianrong asked.

Shao Xun wanted to say no, but after looking at Yang Xianrong, he softened his heart and said, "I want it."

Yang Xianrong's face cleared a little.

Shao Xun hugged her gently and said, "As long as you are happy, I will listen."

"Then let my niece go." Yang Xianrong said.

Shao Xun looked at her and said, "I have been fighting and fighting in the world for the rest of my life, worrying about national affairs, not slaughtering the people to show off, and not exploiting and accumulating. This is just my hobby—"

Yang Xianrong also softened her heart and said, "Forget it, how different are you from Hu people?"

Shao Xun smiled and said, "I am the one who beats the Hu people."

Yang Xianrong glared at her and went to the outside room to prepare snacks.

Shao Xun returned to the side of the case.

After a while, Shan Yinan rewritten a copy. Shao Xun looked at it and found that almost all the details had been written clearly. He nodded and said, "Sure."

Shan Yinan nodded.

"Have you lived with your aunt these days?" Shao Xun asked.

"yes."

"Did you sleep well?"

Shan Yinan looked up at Shao Xun and nodded again.

"I really can't believe it. It's because you are in charge of the overall situation and fight against me for so many years." Shao Xun sighed: "Are you tired?"

Shan Yinan's eyes finally changed.

"No need to be nervous." Shao Xun smiled and said, "I think everything is complicated. You can hold on for so long, which really surprised me. Your aunt said something about you, so why bother? Come on!"
To be continued...