Web www.software-risk.co.uk

A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note. Today, only the Federal Reserve Banks are authorized to issue bank notes, i.e. Federal Reserve notes, in the United States.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
THB
Numismatist
Fractional coins
Foreign exchange market
Foreign exchange controls
Foreign currency translation
Foreign currency futures contract
Foreign currency

Similar Areas

Finance Items

Selected Books

Keywords

Bank note

notes

paper money

currency

bearer

Federal Reserve

Federal Reserve Banks