During the Song Dynasty in tenth-century China, the regional economy of Sichuan experienced a severe shortage of bronze coins, which were the standard medium of exchange. To facilitate trade, merchants began issuing private promissory notes printed on paper, known as *jiaozi*. These notes represented a value in copper currency and could be exchanged for metal coins at designated deposit houses. Recognizing the efficiency of this system in reducing the physical burden of transporting thousands of heavy coins across long distances, the Song government officially monopolized the production of *jiaozi* in 1024, establishing the world's first government-issued paper currency. This centralized system stabilized trade, although it eventually suffered from inflation due to excessive printing.
According to the passage, which of the following best describes the reason why the Song government officially took control of *jiaozi* production in 1024?
- The government realized that paper currency made trade more efficient by reducing the physical difficulties associated with moving heavy metal coins.Cevap
- BThe government aimed to resolve the ongoing shortage of bronze coins that threatened the regional economy of Sichuan.
- CThe government wanted to assist local deposit houses in managing the storage of heavy copper currency.
- DThe government sought to prevent private merchants from overprinting the notes and causing inflation.