Paper currency has lost the utility it possessed when it was created in the 19th century. Originally created to act as a store of value, unit of account, and medium of exchange, the need for and usage of paper currency have awlnaled considerably as we approach the next millennium.

Business is conducted almost exclusively by check or electronic payment mechanisms. Today, consumers use bank cards, checks, and credit cards when making large purchases. Ask yourself this question: When was the last time I paid cash for a purchase over $100? If you are like the numerous individuals I have asked this same question, your answer is, "I have not made a cash purchase in excess of $100 in the last year" or "I have made fewer than five cash purchases for more than $100 during the past year."

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