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oee [108]
2 years ago
9

The paper money or currency in the united states essentially represents a(n)_____

Social Studies
1 answer:
STatiana [176]2 years ago
6 0

The paper money or currency in the united states essentially represents a debt of the Federal Reserve System.

The official currency of the United States and several other nations is the United States dollar (symbol: $; code: USD). The Coinage Act of 1792 established the United States dollar on par with the Spanish silver dollar, divided it into 100 cents, and permitted the minting of coins with dollar and cent values. Federal Reserve Notes, which are commonly referred to as "greenbacks" due to their predominately green tint, are the type of U.S. banknotes that are issued. The Federal Reserve System, which serves as the country's central bank, manages the monetary policy of the United States.

Learn more about the U.S. currency here:

brainly.com/question/7486416

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