3 ms·
The Fed automatically tracks serial numbers of $100s cycling through its system. Most 100s never see the inside of a bank a again unless they are spent at a me
by peter303 11y ago
The Fed automatically tracks serial numbers of $100s cycling through its system. Most 100s never see the inside of a bank a again unless they are spent at a merchant. Nothing prohibits other denominations, but they are less significant.
- pm24601 11y agoIf the Fed tracks serial numbers of $100s ... but most 100s never see the inside of a bank.... then the tracking is useless for tracking your purchases. Therefore, cash is anonymous.