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Counterfeiting: We're In The Money - School Essays

Counterfeiting: We're In The Money



A frequently asked question by a customer is "Can you break a hundred
dollar bill?" If this request has been granted, why do the cashiers take the
bill and turn it into a biology experiment? Between pouring a liquid on the note
and/or holding it up to the light to check for authenticity, is our currency
system in danger? As of the beginning of 1996, the Chairman of the Federal
Reserve and the Secretary of the United States Treasury, prove their economic
wizardry by making the new one hundred dollar bill nearly impossible to
counterfeit in attempt to protect our economy. This is just the first step in
improving our currency system.
Counterfeiting U.S. currency is an illegal ...

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With the use of the internet and a color printer, these two
teenagers were able to create and pass their counterfeit twenty dollar bills
through the high school cafeteria but were later arrest by police after trying
to use their money at a local Taco Bell. If teenagers are finding ways to
counterfeit money, that should tell someone that we need to do something to
protect our economy for the future.
In attempt to enhance our currency system, the one hundred dollar bill
was completely redesigned last year and released at the beginning of this year.
This new bill contains a security thread, a watermark, a larger portrait,
varriable-color ink and infrared fibers. It is called the 1996 series. Next year
the fifty dollar bill will change and so forth. At first, economist talked about
recalling all of US currency, but later this idea was ruled out o keep a smooth
transition and to honor the new bills at current face value.
If our economy is at its strongest, who paid for the ...

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Counterfeiting: We're In The Money. (2008, October 7). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Counterfeiting-Were-In-The-Money/91074
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PAPER DETAILS
Added: 10/7/2008 12:51:29 PM
Category: Legal Issues
Type: Free Paper
Words: 1056
Pages: 4

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