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From Wikipedia, the free encyclopedia
A Federal Reserve Notes or FRN(pronounced as "ferns") is the current type of paper money used in the United States.
Federal Reserve Notes are currency, with the words "this note is legal tender for all debts, public and private" printed on each bill. (See generally 31 U.S.C. § 5103). They are issued by the Federal Reserve Banks and have replaced United States Notes which were once issued by the Treasury Department.