在信用货币条件下，其基本结论不能成立。

But the theory cannot be applied to today's credit currency condition.

youdao

信用制度是以货币制度为基础的。

Credit system is based on money system.

youdao

就是这样，游击队货币的信用提高了。

So confidence in the guerrilla money grew.

youdao

美国货币过去是信用钱币，但是，现在不能兑换金子了。

U. S. currency used to be credit money, but nowadays it cannot be exchanged for gold.

youdao

相对于整个货币供应，信用泡沫却很大。

A credit bubble is large relative to total money supply.

youdao

相对于整个货币供应，信用泡沫却很大。

A credit bubble is large relative to total money supply.

youdao