BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Los Angeles and San Francisco
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New York City and Philadelphia
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Fort Worth and Washington DC
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Miami and Dallas
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Detailed explanation-1: -The Federal Reserve Board pays the Bureau of Engraving and Printing for the cost of printing currency and arranges and pays for the transport of the currency from the Bureau of Engraving and Printing facilities in Washington, D.C., and Fort Worth, Texas, to Federal Reserve Bank cash offices.
Detailed explanation-2: -Since 1862, BEP been entrusted with the mission of manufacturing the nation’s currency. All U.S. currency is printed at our facility in Washington, D.C. and at our facility in Fort Worth, Texas.
Detailed explanation-3: -Located in the heart of the Nation’s Capital, the BEP’s Tour and Visitor Center is a great place to learn all about U.S. paper currency. See millions of dollars being printed as you walk along the gallery overlooking the production floor!
Detailed explanation-4: -Coins come from the U.S. Mint, and paper currency comes from the U.S. Treasury’s Bureau of Engraving and Printing. The Fed distributes currency after it’s printed.
Detailed explanation-5: -The Bureau of Engraving and Printing produces United States currency notes, operates as the nation’s central bank, and serves to ensure that adequate amounts of currency and coin are in circulation.