ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
National paper finance
|
|
|
Federal Reserve Notes
|
|
|
U.S. minted coins
|
|
|
Federal Primary Notes
|
Detailed explanation-1: -The Federal Reserve Board currently issues $1, $2, $5, $10, $20, $50, and $100 notes.
Detailed explanation-2: -Federal Reserve notes are the paper currency circulating in the United States. These are commonly known as dollar bills.
Detailed explanation-3: -Federal Reserve Indicators For denominations $5, $10, $20, $50, and $100, the note has a letter and number designation that corresponds to one of the 12 Federal Reserve Banks. The letter of each indicator matches the second letter of the serial number on the note.
Detailed explanation-4: -The first paper money issued by the government were “demand notes” commonly referred to as “greenbacks.” In 1862, Congress retired the demand notes and began issuing United States notes, also called legal tender notes.