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In the retail world, counterfeiting has become a huge problem, despite the government's efforts to curtail the activity by redesigning the American currency with various safeguards. In addition to training your employees on the various elements in each bill, like watermarks, "secret" pictures and banding, you may want to consider investing in counterfeit bill detectors.
Counterfeit bills generally are found to be higher in denominations. For instance, it is more likely to have a bogus fifty dollar bill than it is to have a bogus five dollar bill; however, small notes have been forged in the past. To keep the flow of business moving in a retail chain, it is recommended that all bills twenty dollars or greater in value be subjected to a quick test for authenticity. Counterfeit bill detectors can be as simple as a marking pen that changes color due to the acid in the paper used to create authentic funds. This paper is only available to the U.S. Government. There are other means through which to detect counterfeit bills. To find out more, please feel free to visit any of the resources on the left side of this page which have been compiled for your convenience by Business.com.
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