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Article I, Section 8 of the Constitution says that "The Congress shall have Power...To coin Money, regulate the Value thereof, and of foreign Coin," and Section 10 says that "No State shall...coin Money". It is illegal for private citizens to coin money.
The Supreme Court has ruled that Congress's power to coin money includes the power to print paper money and make it legal tender.
The Federal Reserve decides how much money will be produced. Paper money is printed by the Bureau of Engraving and Printing, and coins are produced by the United States Mint.
( this is a wiki answers in the history category reproduced here. First answer by User:JohnBoyW. )
What else can I help you with?
True or false only the federal government has the authority to print us currency?
It is true that the federal government has the authority to print us currency.
Does the federal government has the authority to print US currency?
no......
Does the federal government only has the authority to print u s currency?
False
Who has authority to print US currency?
federal bank
Is the federal government allowed to coin money?
Yes, the federal government is the only entity that has the authority to print US currency. They have given the power to the Federal Reserve Bank, which is not a part of the federal government, but a privately held bank.
Who can print money?
In the US, it is the US Government alone that has the authority to print currency.
Who can legally print money?
In the US, it is the US Government alone that has the authority to print currency.
Does only the federal government have the authority to print US currency?
Yes they solely have the power to print US money. These are the congress's enumerated powers
Can California create its own money?
No, California cannot create its own money as that is within the authority of the federal government by the U.S. Constitution. States in the U.S. are not allowed to print their currency.
Can each state printed its own kind of paper money?
No, only the federal government has the authority to issue currency in the United States. Each state is not allowed to print its own kind of paper money.
Is it legal to print your own currency that represents precious metals?
(in the US) No, it is not. By law, only the federal government can issue money.
What is the Legal power to print money called?
The power to coin money is an expressed power. This is a power that is provided to Congress in Article 1, Section 8 of the US Constitution.
