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Used Note
A used note is a banknote that has been in circulation (as opposed to a freshly printed, uncirculated banknote). Blackmailers and people demanding ransoms are often heard in movies to ask for a sum of money "in used notes". Used banknotes are preferred by criminals because they are more difficult to trace. Blocks of new banknotes will be in sequentially numbered order. Collectibility Used bank notes are less desired by collectors in comparison to uncirculated bank notes. However, many old, rare bank notes are valuable to collectors when uncirculated notes are not available at an affordable price. Removal from circulation In the United States, when the quality of a used note becomes sufficiently degraded, it is removed from circulation by the Federal Reserve. Each Federal Reserve Bank operates numerous count rooms, in which at least two employees process banknotes that were received on deposit from a bank. Used banknotes are fed into a large counting machine, which verifies ...
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Toledo Museum Of Art Donation Banknotes, January 2019
Toledo most commonly refers to: * Toledo, Spain, a city in Spain * Province of Toledo, Spain * Toledo, Ohio, a city in the United States Toledo may also refer to: Places Belize * Toledo District * Toledo Settlement Bolivia * Toledo, Oruro Brazil * Toledo, Minas Gerais * Toledo, Paraná Colombia * Toledo, Norte de Santander * Toledo, Antioquia Philippines * Toledo, Cebu Spain * Taifa of Toledo (1010–1085) * Kingdom of Toledo (1085–1833) * Province of Toledo, Spain * Roman Catholic Archdiocese of Toledo * Toledo (Congress of Deputies constituency) United States * Toledo, Georgia, an unincorporated community * Toledo, Illinois, a village * Toledo, Iowa, a city * Toledo, Kansas, an unincorporated community * Toledo, Callaway County, Missouri, an unincorporated community * Toledo, Ohio, a city * Toledo, Ozark County, Missouri, an unincorporated community * Toledo, Oregon, a city * Toledo, Washington, a city * Toledo, Texas, an unincorporated community in Fay ...
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Numismatics
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals and related objects. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods. The earliest forms of money used by people are categorised by collectors as "Odd and Curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as cowry shells, precious metals, cocoa beans, large stones, and gems. Etymology First attested in English 1829, the word ''numismatics'' comes from the adjective ...
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Currency Production
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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Novelties
A novelty item or simply novelty is an object which is specifically designed to serve no practical purpose, and is sold for its uniqueness, humor, or simply as something new (hence "novelty", or newness). The term also applies to practical items with fanciful or nonfunctional additions, such as novelty aprons, slippers, or toilet paper. The term is normally applied to small objects, and is generally not used to describe larger items such as roadside attractions. Items may have an advertising or promotional purpose, or be a souvenir. Usage This term covers a range of small manufactured goods, such as collectables, gadgets and executive toys. Novelty items are generally devices that do not primarily have a practical function. Toys for adults are often classed as novelties. Some products have a brief period as a novelty item when they are actually new, only to become an established, commonly used product, such as the Hula Hoop or the Frisbee. Others may have an educational element, s ...
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Paper Shredder
A paper shredder is a mechanical device used to cut sheets of paper into either strips or fine particles. Government organizations, businesses, and private individuals use shredders to destroy private, confidential, or otherwise sensitive documents. Invention The first paper shredder is credited to prolific inventor Abbot Augustus Low, whose patent was filed on February 2, 1909. His invention was however never manufactured because the inventor died prematurely soon after filing the patent. Adolf Ehinger's paper shredder, based on a hand-crank pasta maker, was the first to be manufactured in 1935 in Germany. Supposedly he created a shredding machine to shred his anti-Nazi leaflets to avoid the inquiries of the authorities. Ehinger later marketed and began selling his patented shredders to government agencies and financial institutions converting from hand-crank to electric motor. Ehinger's company, EBA Maschinenfabrik, manufactured the first cross-cut paper shredders in 1959 and ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Count Room
Count (feminine: countess) is a historical title of nobility in certain European countries, varying in relative status, generally of middling rank in the hierarchy of nobility. Pine, L. G. ''Titles: How the King Became His Majesty''. New York: Barnes & Noble, 1992. p. 73. . The etymologically related English term "county" denoted the territories associated with the countship. Definition The word ''count'' came into English from the French ''comte'', itself from Latin ''comes''—in its accusative ''comitem''—meaning “companion”, and later “companion of the emperor, delegate of the emperor”. The adjective form of the word is "comital". The British and Irish equivalent is an earl (whose wife is a "countess", for lack of an English term). In the late Roman Empire, the Latin title ''comes'' denoted the high rank of various courtiers and provincial officials, either military or administrative: before Anthemius became emperor in the West in 467, he was a military ''comes' ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Crime
In ordinary language, a crime is an unlawful act punishable by a State (polity), state or other authority. The term ''crime'' does not, in modern criminal law, have any simple and universally accepted definition,Farmer, Lindsay: "Crime, definitions of", in Cane and Conoghan (editors), ''The New Oxford Companion to Law'', Oxford University Press, 2008 (), p. 263Google Books). though statutory definitions have been provided for certain purposes. The most popular view is that crime is a Category of being, category created by law; in other words, something is a crime if declared as such by the relevant and applicable law. One proposed definition is that a crime or offence (or criminal offence) is an act harmful not only to some individual but also to a community, society, or the state ("a public wrong"). Such acts are forbidden and punishable by law. The notion that acts such as murder, rape, and theft are to be prohibited exists worldwide. What precisely is a criminal offence is de ...
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Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ...
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ...
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