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B. legal tender act
Paper money is issued by the Federal Reserve.
Federal reserve notes are paper money in the United States. The Federal Reserve is the nation's central bank. All current US bills are issued by the Federal Reserve system,but in the past some bills were issued directly by the government and others were issued by private banks with government backing.
Federal reserve notes are paper money in the United States. The Federal Reserve is the nation's central bank. All current US bills are issued by the Federal Reserve system,but in the past some bills were issued directly by the government and others were issued by private banks with government backing.
1863
Paper money of the United States is issued as Notes by the Federal Reserve, signed by the Secretary of the Treasury and the Treasurer of the US and is backed by the "full faith and credit" of the United States. So it is issued by and in the name of the US Government.
bonds were issued by the government to raise money during WW1
money that can not convertible into the Gold and Silver like paper and coins money issued by Government.
The first known paper currency was issued in China during the Tang Dynasty in the 7th century. It was introduced by merchants and eventually adopted by the government to facilitate trade.
B. Legal Tender Act
paper currency issued by the federal government during the civil war
bonds