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Question: Why isn't a one dollar bank note worth more than one dollar in my bank account, since the bank note can be used to pay back the central bank?
by vagab0nd 6y ago
Question: Why isn't a one dollar bank note worth more than one dollar in my bank account, since the bank note can be used to pay back the central bank?
- rags2riches 6y agoBecause the dollar in your bank account is an obligation of the bank to pay you a one dollar bank note or another bank a central bank electronic reserve dollar.