5,000 is the largest interest bearing note made in the us.
5,000 is the largest interest bearing note made in the us.
what is the largest interest bearing note made in the us?
5,000
one response from congress was the act of july 17, 1861, which allowed for $250,000,000 to be borrowed on the credit of the united states. of this sum, up to $50,000,000 was authorized as non-interest bearing treasury notes, payable upon demand, in denominations less than fifty dollars and not less than ten dollars. these were called demand notes to distinguish them from the interest-bearing treasury notes in existence at the time.
demand note
interest bearing note
interest bearing note