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<p>[QUOTE=&quot;fatima, post: 1309085, member: 22143&quot;]Checks, wire transfers and credit cards are all methods for accessing an account at a Federal Reserve bank. They are not currency.&nbsp;&nbsp; They are nothing more than your authorizations for the federal reserve banking system to make a ledger adjustment to directly move money from your account to that of the US Treasury&#039;s account at the Federal Reserve.&nbsp;&nbsp; The payment in all cases is in Federal Reserve dollars.&nbsp;&nbsp; i.e.&nbsp; USD.&nbsp; (mechanically it&#039;s more complicated than this)</p><p><br /></p><p>One more time, FRN is simply a nickname to refer to dollars created by the Federal Reserve.&nbsp; It&#039;s not limited to the printed form.&nbsp; You are spending USD and since 1971, the only USD in circulation are federal reserve dollars.&nbsp;&nbsp; It doesn&#039;t matter if you are talking about cash or a demand deposit that you have at a federal reserve bank, or credit extended to you which will be paid in the future from the same accounts.&nbsp;&nbsp; </p><p><br /></p><p>The difference of printed dollars vs ledge dollars is irrelevant to this topic.&nbsp; They are all dollars created by the Federal Reserve.[/QUOTE]</p><p><br /></p>

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