what exactly is cash money/banknote? what does it represent legally?
does it mean government owes you that much?
A Dollar Bill is cash money and it is also a banknote in today’s language. The Federal Reserve which is essentially a consortium of banks issues the dollars in exchange for various types of debt instruments. A dollar or any paper currency is simply an accepted medium of exchange that you can freely trade for any thing you need. Legally, the dollar is backed by the full faith and confidence of the USA. The dollar is considered a fiat currency which means it is simply Paper Money without any backing other than the assurances of the government. Most currencies of the world are fiat currencies. The USA, prior to the early 1970′s used to back their paper money with silver and gold. France and some other countries started to demand gold for their dollars and the USA decided it would no longer back dollars with precious metals. Today, the American dollar is considered a reserve currency for the world meaning that it has wide acceptance as a method of payment for goods and services.So yes, the government owes you that much, but it can only pay in dollars.
christians luv fake money & they accept false bank-notes!!
|
|
NEPAL DEALER LOT 100 Pcs Rs 5 OLD KING BANKNOTE MONEY CASH 1 BUNDLE UNC nbn10 $0.00 |
|
|
TURKEY 5 Lirasi Banknote World Currency Money BILL p222 $0.00 |
|
|
ANTARCTICA 5 Dollar Banknote World Money Currency Auk Fun Note Polymer Bill 2008 $0.00 |
|
|
SURINAME 10 Gulden Banknote World Money Currency South America BILL p147 Note $0.00 |
|
|
SURINAME 100 Gulden Banknote World Money Currency South America BILL p149 Note $0.00 |
|
|
SURINAME 500 Gulden Banknote World Money Currency South America BILL p150 Note $0.00 |
|
|
SURINAME 1000 Gulden Banknote World Money Currency South America BILL p151 Note $0.00 |
|
|
JAMAICA 100 Dollars Banknote World Currency Money BILL $0.00 |
|
|
BARBADOS 10 Dollars Banknote World Currency Money BILL $0.00 |
|
|
CAYMAN ISLANDS $10 Banknote World Currency Money BILL $0.00 |
|
|
SURINAME 100 Gulden Banknote World Money Currency South America BILL p133b Note $0.00 |
|
|
DOMINICA $20 ECS Banknote World Currency Money BILL $0.00 |
|
|
MONTSERRAT $20 ECS Banknote World Currency Money BILL $0.00 |
|
|
ST. VINCENT $20 ECS Banknote World Currency Money BILL $0.00 |
|
|
DOMINICAN R 50 Pesos Banknote World Currency Money BILL $0.00 |
|
|
ENGLAND 5 Pound Banknote World Currency Money BILL QEII $0.00 |
|
|
GHANA 10 Cedis Banknote World Currency Money BILL aUNC $0.00 |
|
|
KUWAIT ½ Dinar Banknote World Currency Money BILL p24 $0.00 |
|
|
GREECE 10 Drachmas Banknote World Money Europe Currency BILL p322 – 1944 Note $0.00 |
|
|
INDONESIA 10000 Rupiah Banknote World Money Currency 05 $0.00 |
|
|
FIJI 2 Dollars Banknote World Currency Money BILL p102a $0.00 |
|
|
CHILE 5000 Pesos Banknote World Money Currency BILL $0.00 |
|
|
PARAGUAY 5000 Guar. Banknote World Money Currency BILL $0.00 |
|
|
URUGUAY 100 Pesos Banknote World Money Currency BILL $0.00 |
|
|
MAURITIUS 100 Rupees Banknote World Currency Money BILL $0.00 |
|
|
ESTONIA 25 Krooni Banknote World Money aUNC Currency $0.00 |
|
|
ZIMBABWE $500000 Dollars Banknote World Money Currency Africa Bill p76 2008 Note $0.00 |
|
|
UGANDA 5000 Shillings Banknote World Money UNC Currency $0.00 |
|
|
NORTH KOREA 50 Won Banknote World Paper Money Currency BILL Asia Note p42 – 1992 $0.00 |
|
|
ARGENTINA 50 Australes Banknote World Money Currency South America Bill 1986 $0.00 |
|
|
ARGENTINA 50 Australes Banknote World Money aUN Currency South America Bill 1986 $0.00 |
|
|
MALI 5000 Francs Banknote World Money Currency BILL Africa p417Da Note WAS 2003 $0.00 |
|
|
CONGO 100 Franc Banknote World Money XF Currency BILL $0.00 |
|
|
YUGOSLAVIA 100 Dinara Banknote World Paper Money UNC Currency pick 139 1994 BILL $0.00 |
|
|
NORWAY 50 Kronor Banknote World Money aUNC Currency p46c Europe Bill 2003 Note $0.00 |
|
|
TRANSNISTRIA 10 Rublie Banknote World Money Currency $0.00 |
|
|
SUDAN 10 Pound Banknote World Paper Money UNC Currency Pick 46 – 1991 BILL Note $0.00 |
|
|
SAUDI ARABIA 50 Riyals Banknote World Money Currency $0.00 |
|
|
SERBIA 50 Dinara Banknote World Money Currency Grade F- BILL Europe 1941 Note $0.00 |
|
|
VANUATU 500 Vatu Banknote World Money UNC Currency Australia Note 1993 BILL p5 $0.00 |
|
|
VANUATU 500 Vatu Banknote World Money UNC Currency South Pacific Note BILL 2006 $0.00 |
|
|
VANUATU 500 Vatu Banknote World Money XF Currency South Pacific Note BILL p5? $0.00 |
|
|
VANUATU 500 Vatu Banknote World Money UNC Currency South Pacific Note BILL $0.00 |
|
|
ARGENTINA 500 Peso Banknote World Money Currency BILL $0.00 |
|
|
JAMAICA Banknote 1 dollar 1960 – nice lightly circulated specimen – bill money $0.00 |
|
|
INDONESIA Banknote 10 Rupiah 1968 – crisp, clean, unc – low shipping money bill $0.00 |
|
|
Austria Hungary Banknote 1 Korona 1916 – crisp clean uncirculated money Vienna $0.00 |
|
|
VANUATU 1000 Vatu Banknote World Money UNC Currency South Pacific Bill p10 Note $0.00 |
|
|
VANUATU 1000 Vatu Banknote World Money UNC Currency South Pacific Bill Note $0.00 |
|
|
VANUATU 200 Vatu Banknote World Money UNC Currency Australia Note 1995 BILL p9 $0.00 |
Related Articles
No user responded in this post
Leave A Reply