Until President Richard Nixon took the United States off the gold standard in the 1970s, American cash was redeemable for gold or silver. Currently, the U.S. is on a system using fiat currency via the Federal Reserve, as the value of money is based on faith in government and law. While the Federal Reserve maintains [...]
Pros & Cons of Biometrics and a Cashless Society is a post from the Money Crashers personal finance blog.
Source: http://www.moneycrashers.com/biometrics-cashless-society/
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