Currency money or book money, which are fiat money. Currency money Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than
Pan Asia Technical Automotive Center Pan Asia Technical Automotive Center The Pan Asia Technical Automotive Center (or PATAC) is a joint venture between General Motors and SAIC Motor. It is a design and engineering center in Pudong, Shanghai, China, and is involved in engineering for Shanghai GM products, but also functions as one out of six technical development and design centers worldwide of General Motors. PATAC has prepared several global GM vehicles for the Chinese market. From PATAC's own development come the Chevrolet Sail and the second generation Buick GL8. The facelifted Chevrolet Aveo (T200) sedan was also designed in collaboration with PATAC. The centre