for the first time ever,
the one hundred dollar bill became the most popular US
bill in circulation, beating out the one dollar bill, it is quite the turn of
events for Benjamin Franklin-faced banknote, just 10 years ago, it was less
common than both the $20 and the $1, why are hundreds so much more common these days? It’s not
because more people are using them for day-to-day spending, the vast majority
of cash transactions are still made in small bills, according to a recent report from the Federal Reserve Bank of
Richmond, the $100 bill is on the rise as a form of savings, the Fed researchers suggest that people across the world are
stashing hundreds under their beds as an alternative in case their local
currency takes a dive, also worth mentioning I am guessing, that with the vast increase of banks data basses being broken into plus the miniscule returns on interest, not to mention your bank and other details might be for sale on the dark web, keeping your savings under the bed might actually make sense!
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