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<p>[QUOTE=&quot;InfleXion, post: 1308525, member: 29012&quot;]No worries Chris, and I appreciate the replies being the info sponge that I am. Unfortunately I still have a question.. ;] We know that the Fed has bought much more than $600 bn worth of treasuries, and that one can&#039;t buy treasuries with paper FRNs. We&#039;ve established that both FRNs, coinage, and treasuries can be dollars, but what we haven&#039;t established is what are these dollars called in cyberspace that the Fed creates which are not in paper form that they use to purchase treasuries such as with QE? Sure we can call them &#039;dollars&#039;, and that&#039;s accurate, but what do we call them to distinguish them from these other types of dollars? They are still debt notes from the Fed, just not paper notes. &#039;Digital currency&#039; works for identification purposes, but I&#039;m curious what the official label is. </p><p><br /></p><p>Lucy, I also don&#039;t want digital notes if I can help it, but automatic bill pay is convenient. Aside from keeping enough in the bank to pay bills I keep my cash with my stack.[/QUOTE]</p><p><br /></p>

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