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TCV Roundtable Blog
REPOSTED
It is in your wallet. It is hanging out in the local grocery store’s cash register. It has made its way from a gas station in California all the way to a fine dining restaurant in New York. We all have it, we all need it, and we all want more of it.
United States paper money is one of the most circulated materials in the world. It even makes its way overseas (exchange rates anyone?). But have you ever wondered how long a note stays in circulation? That $20 bill in your wallet: how many more years does it have before the Federal Reserve Bank deems it no longer usable?
Evaluation Process
The Federal Reserve Bank is the determining body that decides whether a note...read more
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