4 ms·
why are treasury bonds printed on paper anyways? Shouldn't this stuff be in the form of a credit card or something?
why are treasury bonds printed on paper anyways? Shouldn't this stuff be in the form of a credit card or something?
As I understand, they're all registered and the registry is what matters. The paper is effectively a receipt.
Just like stock.
deleted 17y ago
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These were bearer bonds, with no central registration. Obviously, there are problems with this, so the US no longer issues them.
These were the older ones - up to the 80s you could still get the printed paper / 'bearer' bonds. Today it's all electronic of course.
deleted 17y ago
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