How much American counterfeit money is in circulation?
Question
#33685. Asked by mochyn. (May 14 03 7:20 PM)
Friar Tuck
Authorities said counterfeiting poses no major threat to the economy. Of the {$620} billion in U.S. currency circulated worldwide, only a fraction of 1 percent is counterfeit. Authorities said that only one bill in every 10,000 is a phony. Nationwide, financial institutions and businesses turned up {$43} million in counterfeit money in fiscal 2002, down from {$47.5} million the previous year. http://www.washingtonpost.com/wp-dyn/articles/A47153-2003May12.html
May 14 03, 8:07 PM
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Sure there is nothing so practical as traveller's cheques and credit cards when you are abroad. Nonetheless, to meet the locals you probably cannot escape displaying some cash. So, what about a little test in local currencies?
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