About the functions of credit cards: Credit cards can also be called electronic money. Why are credit cards considered currency? (1) First of all, currency and credit cards are both a type of commodity, and both are special commodities that serve as media of exchange; (2) Credit cards are also involved in the circulation of commodities; (3) As a means of payment, credit cards are an advanced payment tool; in view of The above-mentioned characteristics of credit cards enable credit cards, as a medium of exchange, to replace cash circulation on a larger scale and to a greater extent and enter the so-called cashless society. Therefore, people regard it as a new currency after banknotes. The difference between credit cards and money Although credit cards and money are closely related, they have essential differences after all: (1) First, money is a general equivalent that acts as a medium of exchange. The value scale function is the most basic function of money, while credit cards are different. , it is not an equivalent, has no value scale function, but is only a means of value transfer and a carrier of currency; (2) Secondly, as a means of circulation, currency and commodities are constantly changing positions between buyers and sellers, while credit cards are It always belongs to one master. When it is used as a medium to complete commodity transactions, the value is transferred. The credit card is not transferred. What it mediates is still the transposition movement of currency and commodities; (3) Thirdly, the credit card is an advanced payment tool. , it is an expansion and extension of the means of monetary payment. It breaks through the limitations of currency and can complete transactions for its holders multiple times in one place or several places. It can be used in large or small amounts within the bank's credit limit. Pay currency in exchange for goods and services the cardholder needs. When serving the same cardholder, it greatly expands the means of monetary payment in time and space; (4) Finally, the credit card layout has storage means, and when it serves customers, it only performs a kind of savings The role of the passbook; (5) It will not become a world currency. Although credit cards break national boundaries and are widely used internationally, because they do not have the function of a measure of value, what they transfer is still currency. It is still a payment tool when currency performs the function of world currency. The impact of the appreciation of the RMB exchange rate on the Chinese economy (1) The beneficial impact of the appreciation of the RMB exchange rate on the Chinese economy The impact of exchange rate changes on the economy is multifaceted. The beneficial impact of the appreciation of the RMB exchange rate is mainly reflected in three aspects: First, it stimulates an increase in imports, the RMB exchange rate appreciates, and the prices of foreign consumer goods and production materials are cheaper than before, which is conducive to reducing import costs; second, it is conducive to improving the environment for attracting foreign investment. , The appreciation of the RMB exchange rate can increase the profits of foreign-funded enterprises that have invested in China, thereby enhancing the confidence of investors and prompting them to further invest or reinvest; the appreciation of the RMB exchange rate will attract a large number of foreign investment into China's capital market, indirect investment The proportion will further increase. Third, it is helpful to reduce the pressure of repaying principal and interest on foreign debt. The rise in the RMB exchange rate will reduce the amount of local currency required to repay principal and interest on outstanding foreign debt, thereby reducing the burden of foreign debt to a certain extent. (2) The adverse impact of the appreciation of the RMB exchange rate on the Chinese economy 1. Suppressing export growth After the appreciation of the RMB exchange rate, the costs of export enterprises will increase accordingly. When the international market price remains unchanged, the decline in export profits will seriously affect the enthusiasm of export enterprises; if export enterprises increase prices in order to maintain a certain profit, it will weaken the international competitiveness of export products and be detrimental to the continued expansion of exports. and product share in the international market. The appreciation of the RMB exchange rate will harm the price competitiveness of China's large number of labor-intensive export products in the international market. 2. Affecting the stability of the financial market Most of the active capital in the capital market is international hot money. This part of the capital is large-scale, fast-moving, and highly profitable, and is a potential factor causing financial market instability. As China's financial regulatory system needs to be further improved and the development of the financial market is relatively lagging behind, a large amount of short-term capital flowing into the capital market through various channels in pursuit of profit can easily trigger currency and financial crises, which will be detrimental to the sustained and healthy development of the Chinese economy. Influence.

3. Affects the effectiveness of monetary policy. As the RMB exchange rate faces appreciation pressure, in order to maintain the basic stability of the RMB exchange rate, the central bank is forced to purchase a large amount of foreign exchange in the foreign exchange market, resulting in a corresponding increase in the base currency invested in the form of foreign exchange reserves. On the surface, money supply continues to grow, but differences in supply structure have caused inefficiency in the use of funds, affecting the effectiveness of monetary policy. 4. Increase employment pressure. Since China currently provides new job opportunities mainly to export enterprises and foreign-invested enterprises, the appreciation of the RMB will inhibit or hit exports, which will ultimately affect employment. Under the current extremely severe employment situation in China, the appreciation of the RMB exchange rate may worsen the employment situation. For more information, please refer to: /tjebank_nk/