Federal Reserve note

noun

: a currency note issued by the Federal Reserve banks and secured by a gold-certificate reserve of 25 percent and the balance of 75 percent in gold certificates, commercial paper, or U.S. government obligations

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Cite this Entry

“Federal Reserve note.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Federal%20Reserve%20note. Accessed 3 Dec. 2022.

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