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The armored carriers transport the coins from the coin terminals to the depository institutions. The coins enter circulation and cycle between banks, businesses, and people. The depository institutions place the new coins in circulation by exchanging them with their customers, both businesses and individuals.

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

The U.S. Treasury divides all federal spending into three groups: mandatory spending, discretionary spending and interest on debt. Together, mandatory and discretionary spending account for more than ninety percent of all federal spending, and pay for all of the government services and programs on which we rely.

The Fed controls the supply of money by increas- ing or decreasing the monetary base. The monetary base is related to the size of the Fed's balance sheet; specifically, it is currency in circulation plus the deposit balances that depository institutions hold with the Federal Reserve.

The United States on Friday took a big step toward launching a central bank digital currency (CBDC). The Treasury Department recommended moving forward on development of a CBDC as part of the White House's first-ever comprehensive framework on the responsible development of digital assets.

The federal government distributes grants to states and localities for many purposes, but the bulk are dedicated to health care. Some grants are restricted to a narrow purpose but block grants give recipients more latitude in meeting program objectives.

A banknote?also called a bill (North American English), paper money, or simply a note?is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand.