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So, here’s what I’m getting, but I’m probably doing it wrong:

THE UNITED STATES

ONE HUNDRED DOLLAR BILL

Okay, so the rules say the letters don’t have to be adjacent, so let’s start with something easy and get rid of the pair of U’s:

THE NITED STATES

ONE HNDRED DOLLAR BILL

Also, let’s get rid of the spaces:

THENITEDSTATESONEHNDREDDOLLARBILL

Okay, next how about the two pairs of L’s:

THENITEDSTATESONEHNDREDDOARBI

And there’s 4x T’s, so away they go:

HENIEDSAESONEHNDREDDOARBI

I see 5x E’s, so let’s remove 4 of them:

HNIDSASONHNDREDDOARBI

And a pair of I’s:

HNDSASONHNDREDDOARB

Oh, and there’s 4x D’s:

HNSASONHNREOARB

I see a pair of H’s:

NSASONNREOARB

Pair of R’s:

NSASONNEOAB

Pair of O’s:

NSASNNEAB

Pair of S’s:

NANNEAB

Pair of A’s

NNNEB

An lastly, a pair of N’s (with a third, which we can save)

NEB

Which is, of course, BEN spelled backwards

(And if this isn’t the right answer, then someone needs to clarify the instructions...)