3 years, 2 months ago
What is the difference between a bank note and a treasury note?
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- A bank note is just money or currency. (It's "a promissory note issued by a bank. . . Bank notes are considered legal tender, and they are used in billions of financial transactions all over the world every day.")
- A treasury note is like an investment, in which interest is paid to the holder. It's a "marketable U.S. government debt security with a fixed interest rate and a maturity between one and 10 years. "
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