ADVERTISEMENT
In many cases, a single bill may carry multiple chop marks, each from a different handler. Rather than reducing confidence, these accumulated marks often increase it, showing that several independent parties have examined the same piece of currency and found it acceptable.
The Global Role of the U.S. Dollar
The U.S. dollar is not only used within the United States. It also functions as:
-
A reserve currency held by governments and central banks
-
A common medium for international trade
-
A widely trusted store of value
-
An everyday transactional currency in many foreign economies
In numerous countries, especially where local currencies experience instability or inflation, U.S. dollars are used for savings, real estate purchases, business transactions, and even routine shopping.
Because of this widespread use, U.S. dollars circulate far beyond American borders. A single bill may pass through multiple countries, markets, and economic systems during its lifespan.
Continue reading…
ADVERTISEMENT