Exploring the United States Currency System

The video provides an overview of the US currency program managed by the Federal Reserve, detailing the process from currency design to production and distribution. It highlights the roles of the Federal Reserve and the Bureau of Engraving and Printing, emphasizing the artistic and security aspects of currency design. The video also covers the printing process, quality control measures, and the importance of maintaining currency integrity.

What is the primary responsibility of the Federal Reserve Board?

• To decide how much currency the public needs

• To design currency

• To destroy unfit currency

• To print currency

Who is responsible for printing the currency needed to meet the Federal Reserve's demand?

• The Bureau of Engraving and Printing

• The Federal Reserve Board

• The Department of Treasury

• The Secret Service

What is a key characteristic of the designers at the Bureau of Engraving and Printing?

• They have a high level of artistic talent

• They work for the Secret Service

• They are experts in economics

• They specialize in digital printing

What tool does an engraver use to etch out steel from a plate?

• A chisel

• A brush

• A graver

• A hammer

Why are the plates dipped in chrome?

• To make them look shiny

• To make them last longer in production

• To make them easier to handle

• To make them lighter

What gives the United States currency its unique feel?

• The type of paper used

• The high pressure in the Intaglio process

• The color of the ink

• The size of the notes

How long does it take to produce a note from start to finish?

• One week

• Two weeks

• Three weeks

• One month

Where are the notes stored before they are shipped?

• In the Secret Service headquarters

• In local banks

• In Washington DC and Fort Worth

• In the Federal Reserve Board

What percentage of the produced currency replaces unfit or worn notes?

• 70%

• 90%

• 50%

• 100%

What happens to currency that is deemed unfit for recirculation?

• It is given to collectors

• It is sent to the Secret Service

• It is stored for future use

• It is destroyed