Extra Credit (Fall 2007)

Frequently Asked Questions
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Money
Q: What percentage of U.S. currency is counterfeit?
A:

The amount of counterfeit currency in circulation in the United States is very small—only 3/100ths of 1 percent of total currency. About 75 percent of all known counterfeit currency is seized before it reaches the public.

 
Q: How can I tell if I have a counterfeit currency note?
A:

Genuine U.S. currency has many characteristics—including the paper it's printed on, the quality of the printing, and numerous security features—that make it extremely difficult to counterfeit. For detailed information on the security features in U.S. money and tips on spotting counterfeit notes and what to do if you receive one, see the Atlanta Fed's Dollars and Cents brochure and the U.S. Secret Service Web site. off-site image

It's wise to examine any currency you receive because you must assume the loss for any counterfeit note you accept.

 
Q: Are there rules about reproducing money?
A:

U.S. law limits the size and type of printed reproductions of U.S. currency. Similar rules apply to reproductions of foreign currency, checks, bonds, stamps, and securities. For more information on these rules, see the Atlanta Fed's Dollars and Cents brochure or the U.S. Secret Service Web site. off-site image