Non-redeemable Federal Reserve notes are US notes in the form of Fed notes. They cannot be redeemed in any higher form of currency. Federal Reserve notes can be redeemed in lawful money, according to Congress and the courts.
Non-redeemable Federal Reserve notes are US notes in the form of Fed notes. They cannot be redeemed in any higher form of currency. Federal Reserve notes can be redeemed in lawful money, according to Congress and the courts.
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