Federal Reserve Note

A Federal Reserve Note is the official paper currency issued by the United States government through the Federal Reserve System, which acts as the nation’s central bank. These notes are what we commonly call "dollars" and are used for everyday transactions. Although they have no intrinsic value like gold or silver, they are backed by the government’s promise to accept and honor them in exchange for goods and services. Essentially, Federal Reserve Notes are the tangible form of the U.S. dollar, serving as legal tender for economic activity within the country.