Question

Mark the following statements that are TRUE.

a. A counterfeit is an imitation of the genuine money, created with the intent to defraud. U.S. Currency was originally printed on blue paper.
b. The First bank of the United States was started in 1888.
c. The French unit of money is the dollar.
d. A euro is the Australian unit of money. In 1945 $10,000 bills were discontinued for public use by the Board of Governors of the Federal Reserve System.

Answer 1

a. A counterfeit is an imitation of the genuine money, created with the intent to defraud.

• TRUE

U.S. Currency was originally printed on blue paper.

• FALSE: THE DOLLAR HAS ALWAYS BEEN GREEN

b. The First bank of the United States was started in 1888.

• FALSE: THE (FIRST) BANK OF THE UNITED STATES WAS ESTABLISHED IN 1791

c. The French unit of money is the dollar.

• FALSE: THE EURO IS THE OFFICIAL CURRENCY IN FRANCE

d. A euro is the Australian unit of money.

• FALSE: EUROS ARE THE OFFICIAL CURRENCY OF THE EUROPEAN UNION.

In 1945 $10,000 bills were discontinued for public use by the Board of Governors of the Federal Reserve System.

• TRUE