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Should the U.S. have $200, $500, and possibly $1,000 bills?
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<p>[QUOTE="Troodon, post: 779855, member: 4626"]Personally, I wouldn't see there being much of a point; most transactions over $100 are rarely done in cash anyway. With debit cards, checks, bank to bank transfers, cash is becoming less needed, not more. I read somewhere that of the total US money supply, only about 1/3 actually existed as coins or currency; the rest of it is just numbers on a computer somewhere. I'm at the point where I spend maybe $40 in cash during an enitre month; all other money I spend I just use my debit card or make online payments.</p><p><br /></p><p>The rare times I ever had more than $100 in cash I usually had it in 20's anyway; large bills are very inconveneint because you can't break them anywhere (the only time I find large bills convenient is the rare times I had to make large cash purchases, such as when I had to buy a money order to pay my first month's rent moving into a new apartment; they insisted on a money order instead of a check for the first payment.)[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 779855, member: 4626"]Personally, I wouldn't see there being much of a point; most transactions over $100 are rarely done in cash anyway. With debit cards, checks, bank to bank transfers, cash is becoming less needed, not more. I read somewhere that of the total US money supply, only about 1/3 actually existed as coins or currency; the rest of it is just numbers on a computer somewhere. I'm at the point where I spend maybe $40 in cash during an enitre month; all other money I spend I just use my debit card or make online payments. The rare times I ever had more than $100 in cash I usually had it in 20's anyway; large bills are very inconveneint because you can't break them anywhere (the only time I find large bills convenient is the rare times I had to make large cash purchases, such as when I had to buy a money order to pay my first month's rent moving into a new apartment; they insisted on a money order instead of a check for the first payment.)[/QUOTE]
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Should the U.S. have $200, $500, and possibly $1,000 bills?
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