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<p>[QUOTE=&quot;vrt, post: 672012, member: 15308&quot;]This is easy part:</p><blockquote><p>Silver certificates were need because it was easier to carry some paper instead of metal.</p><p>To issue 1 $10 silver certificate some amount of silver (worth $10) should be physically deposited to the US Treasury. </p><p>To issue 1 $10 gold certificate some amount of gold (worth $10) should be physically deposited to the US Treasury.</p><p>To issue 1 $10 FRN the economy should grow by $10.</p><p><br /></p></blockquote><p>Here I&#039;m not completely sure:</p><blockquote><p><span style="color: black"><font face="Verdana">I think only a leguslature was needed to issue some USN - these were not backed by anything.</font></span></p><p><br /></p></blockquote><p><span style="color: black"><font face="Verdana">That&#039;s I&#039;d like to learn:</font></span></p><blockquote><p>What&#039;s the deal with FRBN? - something about local economy?</p><p>Why all these types had been issuing at the same time? - I guess it was just a transition between &quot;metal only&quot; to &quot;FRN only&quot;.</p><p>&nbsp;</p><p><br /></p></blockquote><p>[/QUOTE]</p><p><br /></p>

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