The U.S. dollar bills you sometimes have in your wallet are:

Name: The U.S. dollar bills you sometimes have in your wallet are:
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U.S. dollar bills are considered liabilities of the Federal Reserve because when the Federal Reserve issues currency, it owes the bearer the value of the note. This is a fundamental principle of fiat money, where the currency's value is backed by the trust in the issuing authority rather than a physical commodity.

The US Dollar Bills You Sometimes Have in Your Wallet Are