Streams

Episode 560: Hunting For The Hundreds

Wednesday, August 13, 2014

The $100 bill is the most popular product from the Federal Reserve. Eighty percent of all U.S. cash is in the form of hundreds, but you rarely see them.

About 20 years ago, the Federal Reserve of the United States counted up all the hundreds it knew about โ€” money in bank vaults and cash registers โ€” and it found it had no idea where most of the $100 bills had gone. And so they went on a mission to find them.

Today on the show, where in the world are all the hundreds? What is Benjamin Franklin being used for? For good? For evil? For drugs? And if we don't know where they all are, should the U.S. keep making them?

Music: Lorde's "Million Dollar Bills." Find us: Twitter/ Facebook/ Spotify. Download the Planet Money iPhone App.

Copyright 2014 NPR. To see more, visit http://www.npr.org/.

Source: NPR

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