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A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by commercial banks, who were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the ...
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The microprocessor inside a typical bill counter can decipher the designs that are unique to each banknote, so it can always tell the difference between a one-dollar bill versus a twenty-dollar bill. Another component of the bill counter that proves quite useful is its ability to detect counterfeit currency.
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