What Is a Federal Reserve Note?

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A federal reserve note is what is commonly referred to as cash money. Other forms of federal reserve assets include notes based on gold bouillon and notes based on silver. Find out more about how cash is backed by the federal reserve with information from an investment portfolio manager in this free video on the federal reserve.

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Video Transcript

So what is a federal reserve note? A federal reserve note is actually money. What you normally see as your paper money. A federal reserve note is not to be confused with federal bank notes and those were produced up until the depression era and those were produced by different banks around the country, the federal banks. All that system is gone away so the federal reserve note, a bank note is what we commonly refer to as paper money. So the federal reserve note that we have now is a little differently than things we have had in the past. We have had the federal reserve bank notes plus we have had notes that were based on gold bouillon that were held by the US government plus we've had silver notes so there has been a number of different forms of what we use for paper money but a federal reserve note right now is very simple. It's just our paper money that we use every day.

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