Thread: Banks v IRS????
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Old 05-18-2004, 12:13 AM
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Re:Banks v IRS????



The question is: Is there a difference between "Monetary Instrument" and "Legal Tender"??


FRN's are "obligations of the UNITED STATES"... does that make them "Monetary Instruments", "Legal Tender" or BOTH.


Does the definition given for "Monetary Instruments" in Randy's post suggest that ONLY Constitutional Money is a "Monetary Instrument"??... or can it be other things also?


Ya gotta nail this one down.


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