The Economics of Money and Banking Chapter 2 Money and Monetary System 》》 Evolution of Payment System 1 Type Content Checks An instruction to the bank to pay a specified amount of fiat money to the holder of the check Money and the payment system E Money Electronic settlement of payment needs ⑨中国送行人带 9 GUO YING SEM TONGJI UNIVERSITYThe Economics of Money and Banking 9 GUO YING SEM TONGJI UNIVERSITY Money and the payment system 1 Type Content Checks  An instruction to the bank to pay a specified amount of fiat money to the holder of the check E Money  Electronic settlement of payment needs Evolution of Payment System Chapter 2 Money and Monetary System