Tell about Paper Money ?

officially discontinued on July 14, 1969, by the Federal Reserve System, due to 'lack of use'.

The $5,000 and $10,000 effectively disappeared well before then.

The basic function of money is to enable buying to be separated from selling, thus permitting trade to take place without the so-called double coincidence of barter.

n some cases, a pristine $10,000 bill can be worth upwards of $140,000 on the open market. Meanwhile, bills in poor condition can still fetch $30,000.

In principle, credit could perform this function, but, before extending credit, the seller would want to know about the prospects of repayment.

That requires much more information about the buyer and imposes costs of information and verification that the use of money avoids.

High-denomination bills, which include the $500 bill, were officially discontinued by the Federal Reserve System in July of 1969 when it began to take the bills out of circulation.

That being said, these bills are still legal tender.

If a person has something to sell and wants something else in return, the use of money avoids the need to search for someone able and willing to make the desired exchange of items.

The person can sell the surplus item for general purchasing power—that is, “money”—to anyone who wants to buy it and then use the proceeds to buy the desired item from anyone who wants to sell it.

The Treasury announced on July 14, 1969, that it would quit issuing the $500, $1,000, $5,000, and $10,000 notes immediately, since the bills were so sparsely circulated.

It's not like the Bureau of Engraving and Printing had to stop the presses, either; the bills hadn't seen an actual print run since 1945

the American, French, and British armies of occupation

Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945,

officially discontinued on July 14, 1969, by the Federal Reserve System, due to 'lack of use'.

. Money rapidly lost its value. People were unwilling to exchange real goods for Germany’s depreciating currency.

The $5,000 and $10,000 effectively disappeared well before then.

This is called the “asset” function of money.

No you cannot obtain a one thousand US dollar currency note or bill from any bank.

This because the US government had terminated circulation of them in the late 1960's

the sale and the subsequent purchase or from which the buyer can extract the general purchasing power with which to pay for what is bought.

They are still legal tender and all banks will accept one when it is presented to them.

you can still purchase such a bill from other sources.

was formally discontinued 24 years later in 1969.

The $2 bill has not been removed from circulation and is still a circulating denomination of United States paper currency.