Keith Evans
Jan 9, 2021

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When a unit of currency is denominated in dollars it is generally referred to by that denomination. Grocery coupons can be a form of currency, as they are denominated in values measured in US dollars. Federal Reserve notes are a small portion of the total amount of dollar denominated money. They represent money created by Congress and banks order them as seasonal demand requires. They are not the basis of the economic system, but only an accommodation to those who desire them.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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