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Suppose You Take $100 in Cash to the Bank and Make

Question 422

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Suppose you take $100 in cash to the bank and make a deposit in your checking account. Making small talk, you ask the teller, "Do you make money here?" A little surprised, the teller responds, "Of course not; only the U.S. Treasury makes money." Is the teller correct or incorrect? Explain.

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In the literal sense, the U.S. Treasury ...

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