Quote:
Originally Posted by Dante Hicks
You're right - here if fivers started getting a bad reputation I'd just avoid them, switching to dollars wouldn't be feasible because it's rare I see a dollar, let alone have an opportunity to use it. There is a de-facto monopoly of legal tender, basically.
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But you wouldnt, thats the point. If fives had a repuation for being dodgy then youd surely try to get rid of your fives and hence use them as much as possible, preffering to give away 2 fives as opposed to a ten (since this would reduce the liklihood of you holding bad currency).. So would everyone else, and hence because of legal tender laws, theyd stay in circulation.
And yeah, we still have pound notes sadly