Difference between revisions of "Bills of credit"
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| − | Bills of credit today are dollar bills. | + | '''Bills of credit''' today are [[dollar]] bills. |
More generally, bills of credit are non-interest-bearing promissory notes issued by the government. They are promises to pay the specific denomination indicated to the bearer upon demand. | More generally, bills of credit are non-interest-bearing promissory notes issued by the government. They are promises to pay the specific denomination indicated to the bearer upon demand. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 03:34, August 17, 2007
Bills of credit today are dollar bills.
More generally, bills of credit are non-interest-bearing promissory notes issued by the government. They are promises to pay the specific denomination indicated to the bearer upon demand.