[Online Document Assignment:]
EIA Activity: Multiplying Money Down
Click on the links on the right to answer the following questions.
Link 1 << pop: http://www.moneyfactory.gov/uscurrency/theproductionprocess.html>>
Use Link 1 to answer the following questions. True or False: The Federal Reserve Bank of New York prints currency in the United States.
| A. |
| B. |
True or False: Green ink is used on the backs of all bills regardless of denomination.
| A. |
| B. |
Use Link 2 to answer the following questions. True or False: During the fiscal year 2014, approximately 8.9 tons of ink per day were used between the Fort Worth, Texas and the Washington, D.C. facilities at the Bureau of Engraving and Printing.
| A. |
| B. |
True or False: The Bureau of Engraving and Printing delivers notes each year to replace notes that are either already in or taken out of circulation.
| A. |
| B. |
True or False: In the fiscal year 2013, 1,792,000,000 $100 notes were printed.
| A. |
| B. |
Can printing currency lead to inflation? Discuss.
Would you ever purchase a home safe to store cash? Yes or no? Explain.
How much currency is currently in circulation? Do you think the amount of currency in circulation is in the millions or billions? Discuss.
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