Questions

The New York Times

After the defeat of china by Japan in a war over Korea in 1894,France, Russia, Britain and Germany gave loan to china to help it to the payment of 150 million dollors demanded by japan. These western countries the divided china into spheres of influence, which meant that each country had certain regions of china reserved exclusively for its purposes.

          The united states feared that china would be completely parcelled out in exclusive 'spheres of influence' and that its trade with china would be shut off. The USA, therefore, suggested the policy known as the "Open Door". This policy is also described as "Mee too Policy".

          The division of China into "spheres of influence' has often been described as the "cutting of the Chinese melon".

Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,...

Hence, a Check is an example of representative money.