ECONOMICS
FEDERAL RESERVE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
$10, 000
|
|
|
$20, 000
|
|
|
$50, 000
|
|
|
$100, 000
|
Detailed explanation-1: -The largest denomination Federal Reserve note ever issued for public circulation was the $10, 000 note.
Detailed explanation-2: -The $100, 000 bill is the highest denomination ever issued by the U.S. Federal Government. Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve.
Detailed explanation-3: -The use of the 100, 000 dollar bill ended in the 1960s. Since that date, many of the 42, 000 examples printed were destroyed by the government, and as a result, only a few are known to exist today. All of the surviving notes have been accounted for, and are owned by the United States government.
Detailed explanation-4: -$100, 000 Series 1934 Gold Certificate This note cannot be legally held by currency note collectors.” The front has a portrait of Woodrow Wilson, the 28th President of the United States.