ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Specie
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Federal Reserve Notes
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Disney bucks
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Shilling
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Detailed explanation-1: -Federal Reserve notes are the paper currency circulating in the United States. These are commonly known as dollar bills.
Detailed explanation-2: -The Federal Reserve Board currently issues $1, $2, $5, $10, $20, $50, and $100 notes.
Detailed explanation-3: -The BEP Director, under the direction of the Secretary of the Treasury, is responsible for the printing of Federal Reserve notes. Each year, the Board places a printing order with the BEP Director based on the estimated need for new currency and inventory requirements.
Detailed explanation-4: -noun. : a currency note issued by the Federal Reserve banks and secured by a gold-certificate reserve of 25 percent and the balance of 75 percent in gold certificates, commercial paper, or U.S. government obligations.
Detailed explanation-5: -The federal government issues fiat paper money via Federal Reserve Notes, which apply to our entire banking system in dollar denominations. The Federal Bank issues fiat money, and the government acts as the reassurance behind the money’s value.