The Federal Reserve: A 15-Minute Dive into its History and influence

A Federal Reserve Note refers to the official form of paper currency that is issued by the Federal Reserve System, which is the central banking system of the United States.
Key characteristics and aspects of a Federal Reserve Note include:
1. Legal Tender: Federal Reserve Notes are considered legal tender in the United States, which means they are widely accepted and recognized as a medium of exchange for goods and services. They are backed by the full faith and credit of the U.S. government.
2. Issuance and Distribution: The Federal Reserve System is responsible for the production and distribution of Federal Reserve Notes. The U.S. Bureau of Engraving and Printing produces the physical currency, while the Federal Reserve Banks distribute it to commercial banks and financial institutions across the country.
3. Denominations: Federal Reserve Notes are available in various denominations, including $1, $2, $5, $10, $20, $50, and $100.