For more information on money
- Michael Bryan, in his article “Island Money,” provides a fascinating explanation of use of the famous Yap stones as money in the South Pacific. These stones, some having diameters of more than 12 feet, have been used as money on a few isolated islands for hundreds of years.Bryan, Michael F. “Island Money.” Economic Commentary. Federal ReserveBank of Cleveland, February 1, 2004. Available at: www.clevelandfed.org/Research/Commentary/2004/0201.pdf
- Michael Bryan, in his article “The Trime,” tells the story of the trime, a 3-cent silver coin minted in the United States between 1851 and 1873, and the coin shortages of the mid-1800s.Bryan, Michael F. “The Trime.” Economic Commentary. Federal Reserve Bank of Cleveland, January 15, 2004.Available at: www.clevelandfed.org/Research/Commentary/2004/0115.pdf
- The Federal Reserve Bank of New York’s Fed Point “The Money Supply” provides an overview of the U.S. money supply and definitions of the M1, M2, and M3 money supply.
Federal Reserve Bank of New York. “The Money Supply.” Fed Point 49, January 2003.
Available at: www.newyorkfed.org/aboutthefed/fedpoint/fed49.html
- Dean Croushore, in his article “U.S. Coins: Forecasting Change,” provides some facts about coins and describes how the Federal Reserve System and the U.S. Mint forecast the demand for change.Croushore, Dean. “U.S. Coins: Forecasting Change.” Business Review. Federal Reserve Bank of Philadelphia, Second Quarter 2003, pp. 6-13. Available at: www.philadelphiafed.org/files/br/brq203dc.pdf
For more information on the features of U.S. currency, visit www.moneyfactory.com