Questions tagged [paper-money]
19 questions
13
votes
4 answers
Why do large notes exist?
Why do the €200 and €500 notes exist? From what I read, they are mainly popular in organised crime. Most currencies do not have such large notes. Some eurozone predecessor currencies did — is that the only reason, or are there some legitimate…
gerrit
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8
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7 answers
Why don't banks print their own paper money / bank notes?
The fractional reserve system benefits the banks immensely, according to the documentaries I’ve been watching recently. However, I began wondering why they don’t get into the paper business too.
If you take the banks that are rated A+, such as…
fgf555
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5
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1 answer
Canada's polymer $100 bank notes: When will other dollar amounts of "plastic money" be available?
In November 2011, the Bank of Canada released a new polymer (plastic) one-hundred dollar bank note, including transparent areas and metallic images.
What other denominations of Canadian paper money will be made available in polymer, and when?
When…
Chris W. Rea
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4
votes
1 answer
Tangible alternative to paper U.S. savings bonds?
When I was little, it was fairly common to get US Savings Bonds from relatives. It introduced me to savings, financial instruments, and the idea of delayed gratification. I know there are 529 plans, a rather cumbersome "replacement" method via…
Eric
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4
votes
5 answers
What are the bounds of the enforced value of "legal tender"?
Suppose Bob and Alice are both U.S. citizens and Bob lends Alice 100 euros with 105 euros required to be paid back to Bob in exactly one month. A month later, Alice comes back with X amount of dollars which she claims is equivalent to 105 euros. …
wanderingmathematician
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3
votes
3 answers
Opening a bank account with cash: How should bills be presented?
I am opening a checking account tomorrow and am planning to deposit $700 that I have in cash to start. It is made up of 30 twenty dollar bills and one one hundred dollar bill. How should I organize it to be the least hassle for the person handling…
A. B.
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3
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2 answers
Do polymer banknotes generally contain animal fat?
There is currently a brouhaha in England about the new polymer £5 notes, which contain trace amounts of animal fat.
Is this problem unique to England, or is it common to other places that use polymer banknotes?
200_success
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2
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3 answers
How to measure a currencies valuation or devaluation in relevance to itself
Usually when currencies are devalued, the percentage change is given in relevance to USD or EUR.
Is there a way to measure the currencies change in value to itself or to all the world's currencies combined?
user62060
2
votes
1 answer
Exchanging old hundred-dollar bills for newer ones
I happen to have a bunch of “old” $100 bills.
They're labeled series 2006A, the last series of the previous model.
I am aware that they are fully accepted in the U.S., but also that many places outside in the rest of the world rejects them…
Albert Patton
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2
votes
2 answers
Do Americans usually accept a stained dollar bill?
I'm not American, but have visited the US a couple of times. I think in one of those trips I got this $100 bill:
As you can see, it has some dark stains, but it didn't bother me at the time and I saved it for future trips.
Recently, I tried to use…
sourcream
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1
vote
1 answer
Proper name for banknote values (sizes)?
For example USD uses $1, $2, $5, $10, $20, $50, $100.
What is a proper name for these options?
If I want to give someone $1000, what would be the proper way of asking them what is the largest bill size they would accept?
Tadija Bagarić
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1
vote
1 answer
The Purpose of Change Machines
I need some clearing up, do Change Machines exchange bills for coins or coins for bills. For example if I put a dollar in a Change Machine will I get four quarters back or visa versa?
Commune
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1
vote
3 answers
Axiomatic approach to money, securities and other instruments?
As I read about cash, stocks, bonds, derivatives, etc., I can't help but wonder why there are so many diverse financial products out there. Any pointers to axiomatic treatment that explains fundamental reasons for these securities and their…
Vimal
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0
votes
1 answer
Newbie Question regarding Fiat Currency & the 'Promise to Pay' statement
I am a newbie and wanted to ask a quick question regarding statements that economists make, that is:
"A currency is a promise to pay"
"US will not be able to pay it's debt"
So that I can understand their point-of-view in full: My understanding…
Cem R.
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0
votes
1 answer
Best approach for collect money vs resolve some points
First of all Sorry about my English.
Second I have this question: I don't know how to distribute money between goals that must be achieved(bought) at the certain time not now.
List of goals(it's example):
Laptop 1500$ 2-3 months
Bed 500$ 1-2…
Ivan R
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