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<p>[QUOTE=&quot;InfleXion, post: 1308211, member: 29012&quot;]The difference is that an electronic dollar being swapped for a FRN is a 1:1 ratio, and they are both accepted as payment by the vast majority of merchants. Coins fit into this designation as well. However, when I look at my retirement portfolio the bonds are measured in units, and each unit is given a value in dollars that is not the same as $1. Am I mistaken for thinking Treasuries are the same as bonds? If indeed each Treasury note is worth $1 then I will stand corrected.[/QUOTE]</p><p><br /></p>

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