United States dollar or ""bill"" (e.g. ""two bills"" being $200). The $50 note is occasionally called a ""yardstick"" or a ""grant"" (after President Ulysses S. Grant, pictured on the obverse). The $20 note is referred to as a ""double sawbuck"", ""Jackson"" (after Andrew Jackson), or "double eagle". The $10 note is referred to as a ""sawbuck"", ""ten-spot"" or ""Hamilton"" (after Alexander Hamilton). The $5 note as ""Lincoln"", ""fin"", ""fiver"" or ""five-spot"". The infrequently-used $2 note is sometimes called ""deuce"", ""Tom"", or ""Jefferson"" (after Thomas Jefferson). The $1 note as a ""single"" or ""buck"". The dollar has also been referred to as a ""bone""
Banknote for receipts. These became banknotes when the manager of the Bank decoupled the rate of note issue from the bank currency reserves. Three years later, the bank went bankrupt, after rapidly increasing the artificial money supply through the large-scale printing of paper money. A new bank, the "Riksens Ständers Bank" was established in 1668, but did not issue banknotes until the 19th century. The modern banknote rests on the assumption that money is determined by a social and legal consensus. A gold coin's value is simply a reflection of the supply and demand mechanism of a society exchanging goods in