"Neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face value."
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Original Language: English
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Sources
Federal Reserve Bank of Chicago, Modern Money Mechanics (1975).
https://en.wikiquote.org/wiki/Federal_Reserve_System
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Federal Reserve System
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