Cryptocurrency Q&A
Who pays for printed money?
Who pays for printed money?
Alessandro
Fri Nov 08 2024
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5 answers
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I'm curious about the cost of printing money. When a country prints its currency, who bears the expense? Is it the government, or are there other entities involved? I'd like to understand the financial aspect of this process.
5 answers
Alessandra
Sun Nov 10 2024
The Bureau of Engraving and Printing, a division of the Department of the Treasury, is responsible for manufacturing U.S. currency.
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CryptoProphet
Sun Nov 10 2024
The Federal Reserve Board engages in annual projections to forecast the potential demand for new currency.
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HallyuHero
Sun Nov 10 2024
Based on these projections, the Board places an order with the Bureau of Engraving and Printing.
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henry_grayson_lawyer
Sat Nov 09 2024
This bureau not only produces the currency but also incurs the cost of production.
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HanRiverWave
Sat Nov 09 2024
The Federal Reserve Board bears the expense charged by the Bureau for the manufacturing of the new currency.
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