Currency in the United States includes coins minted by the U.S. Treasury (such as pennies, nickels, dimes, and quarters) and Federal Reserve notes (such as $1, $5, $10, and $20 bills). Traveler's checks are not considered currency since they are a form of prepaid paper check that can be used in lieu of cash in certain situations.

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Currency Consists of

Question 191

Multiple Choice

Currency consists of

A) only coins minted by the U.S. Treasury.
B) only Federal Reserve notes.
C) coins minted by the U.S. Treasury and Federal Reserve notes.
D) coins, Federal Reserve Notes and traveler's checks.

Correct Answer: