by 3 hours ago
ANSWERS: 3
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It depends on inflation rates. If there is too much circulation of coins/paper currency then the value of the US dollar goes down, if it goes up then the value of a dollar goes high and that affects the economy of other countries and then more is minted/printed :)
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the gov't doesn't print us currency, the federal reserve bank does......thanks to a big mistake made by FDR in the great depression!
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dickw60 Actually the Federal Reserve was passed by President Woodrow Wilson. After he signed the act he stated, "I have ruined my country." The Federal Reserve is in violation of Article 1 Section 8 of the US Constitution which states, "Only the congress can coin money and set the value thereof." The Federal Reserve Corporation is a private company not part of the federal government. When the federal government needs currency the Treasury borrows it from the Federal Reserve who loans the amount at interest to the Federal government. The FRC uses government printing presses to print currency. I read a couple of years ago the entire amount collected in income taxes goes to pay some of the interest never the principle on the federal debt of the USA. -
dickw60 As a side note, the currency used in the USA is actually counterfeit because it violates the Constitution of the USA.
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When a Federal Reserve Bank receives a cash deposit from a bank, it checks the individual notes to determine whether they are fit for future circulation. About one-third of the notes that the Fed receives are not fit, and the Fed destroys them. As shown in the table below, the life of a note varies according to its denomination. For example, a $1 bill, which gets the greatest use, remains in circulation an average of 5.9 years; a $100 bill lasts about 15 years. Denomination of Bill Life Expectancy (Years) $1 5.9 $5 4.9 $10 4.2 $20 7.7 $50 3.7 $100 15 https://www.newyorkfed.org/aboutthefed/fedpoint/fed01.html (And this has nothing to do with inflation.)
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