committed that their paper money would always and at all times be redeemable in gold.

他们的纸币将一直能够每时每刻,用金子赎回来。

耶鲁公开课 - 金融市场课程节选

I was just seeing yesterday's paper-- someone was selling gold coins.

我昨天在报纸上读到一则广告,有些人在卖金币

耶鲁公开课 - 金融市场课程节选

That's how paper money got started, as bearer notes, because if you had gold with the goldsmith you could spend the note, at least within the town that you live in where the goldsmith was known and had a reputation.

纸币就以不记名票据的形式出现了,如果你的金子存在金匠那里,你可以直接支出这些票据,至少在你所居住的城镇可以这样做,因为金匠在本地有着并众所周知的信誉

耶鲁公开课 - 金融市场课程节选