ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Divisible
|
|
|
Susceptible to counterfeiting
|
|
|
A unit of account
|
|
|
Legal tender
|
Detailed explanation-1: -Fake bills may have serial numbers that are not evenly spaced or that are not perfectly aligned in a row. If you received multiple suspicious bills, see if the serial numbers are the same on both bills. If they are the same, then they are counterfeit notes.
Detailed explanation-2: -Counterfeit money is often on the move, at times in large quantities. Often notes are bundled up and put into toys or books and thus disguised as regular merchandise. In a case from Italy, counterfeit money was put into milk crates. The photos from such seizures illustrate some of the types of packaging.
Detailed explanation-3: -Producing or using counterfeit money is a form of fraud or forgery, and is illegal.
Detailed explanation-4: -Counterfeit money reduces the value of real money by increasing the prices of goods. It also causes people to lose confidence in real money. Committing forgery of money is a serious crime in the United States. People caught forging money can be fined and sent to prison for up to 15 years.