Thursday, May 15, 2014

Show me real money

..............Money is something we use to purchase something we want. It is issued and guaranteed by the government and the central bank (the RBI in our country). But what happens when unscrupulous people, for their own greed, produce money that is not real or issued by the government or RBI? Does it still hold the same value? Counterfeit money or fake currency is illegitimate currency and its actual value is much lower. Printing or even possessing fake currency notes is a punishable offence. So not only does it decrease the real value of money, but it also creates a situation where people are reluctant to accept currency of higher denominations. Even though, counterfeit money is being printed in large quantities, there are ways you can identify fake notes. .............

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