It looks like it was a circular letter meant to be circulated to different churches.

它看起来像是一份通函,由各教会传阅。

耶鲁公开课 - 新约课程节选

It's written not to one place,but it's a circular letter, meant to be circulated around.

它不是写给一个人的，而是传单通知，给大家四处传阅。

耶鲁公开课 - 新约课程节选

It emerged into an institution in which banks would have notes bank notes-that circulated widely and we began to think of them as money.

它出现于一个银行保有票据,的机构,这个票据就是钞票---那种流通广泛的钞票,我们把它视为金钱。

耶鲁公开课 - 金融市场课程节选