Which statement about counterfeiting is NOT true?
A) Most banks will replace a fake bill and report it to the nearest U.S. Secret Service office.
B) Counterfeiting has the same effect as increasing the money supply and causes inflation.
C) Everyone pays for counterfeiting in the form of higher prices.
D) Passing a fake bill to another person is punishable by law.

Question

Quizplus · Accepted Answer

Most banks do not replace counterfeit bills for individuals who deposit them; instead, they are required to confiscate the fake money and report it to the appropriate authorities, such as the U.S. Secret Service, without providing reimbursement to the holder.

Which Statement About Counterfeiting Is NOT True