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What is Legal Tender and International Bills of Exchange about?

The document discusses an international bill of exchange that was tendered to a bank to discharge a debt. It summarizes that the bill of exchange is a legal obligation of the United States, as it represents a certificate of indebtedness drawn on an authorized officer and issued under acts of Congress and international treaties. It further explains that during the 1933 financial crisis, the wealth and assets of American citizens were effectively pledged by the government as collateral for US debt and currenc

Author

Mark Mcdonald

Language

EN