The process of printing money is not as simple as it might seem. There are many factors that go into the production of obtaining and distributing the currency that we use on a daily basis. The printing process starts with a blank bill. The bills are then cut into individual...
Prior to the discovery of gold and silver in the West within the mid-1800s, the United States lacked an adequate supply of precious metals for coinage. As a result, a 1793 statute allowed Spanish dollars as well as other foreign currencies to be included in the United States monetary system. The...
The Public Housing Agency (PHA) that is deciding on your eligibility for a low-income housing program will ask for an up to date bank statement to show your bank account balances (Source) But they can't just look without your permission, according to the Right To Privacy Act of...
Officially, Federal law requires that cash transactions exceeding $10,000 must be reported by filing IRS form 8300 PDF Report of Cash Payments Above $10,000 Received in Trade or Business (Source). Unofficially, according to a Reddit user, the IRS reporting rules can be triggered by cash transfers between two...
Yes, you can open a Mexican bank account as a foreign/natural Mexican citizen- even as a tourist You'll need a valid passport, a Valid resident visa in Mexico (card) for the larger banks like BBVA Bancomer, Citibanamex, Banorte, and Santander You will need a valid tourist card in...
Federal law does not require that private businesses, individuals, or organizations accept cash as payment for goods and services. Private businesses can decide whether or not to accept cash, unless a state law prohibits them from doing so (Source). Only New Jersey, Rhode Island, Connecticut and Massachusetts have...
When the government wants to mark and track currency, these bills have invisible markings, thanks to UV ink technology. These UV markings can be detected by reliable counterfeit bill detectors and pens. This ensures accurate counterfeit detection since counterfeit $20s and $100s are much more common than people...