BANKING AFFAIRS

Detailed explanation-1: -He was a celebrated military figure, serving as commander-in-chief during the Revolutionary War before becoming president. Washington is a Founding Father and is often referred to as the “father of the country.” It’s no surprise that he was chosen to be featured on the US’s most popular bill.

Detailed explanation-2: -The $1 Federal Reserve note was issued in 1963, and its design-featuring President George Washington and the Great Seal of the United States-remains unchanged.

Detailed explanation-3: -Issued 1963-Present The design, featuring George Washington on the face and the Great Seal on the back, has not changed. The first $1 notes (called United States Notes or “Legal Tenders") were issued by the federal government in 1862 and featured a portrait of Secretary of the Treasury Salmon P. Chase (1861-1864).

Detailed explanation-4: -It is also the likeness that was used on the first one dollar bill printed in 1862 and the $10, 000 bill in 1918. In 1861, Salmon P. Chase resigned from the Senate to become President Abraham Lincoln’s Treasury Secretary.