Silly me, I should have thought of that.
The fact that people who need money to survive are willing to accept and use the FRN's as they would genuine money. Somewhere down the line the face value of the FRN's will eventually have to be paid by someone somewhere.
You've thrown a new one at me. I had to google what it was. FRN, I'm assuming you were speaking about 'Floating Rate Note' as there are a couple of abbreviations to choose from.
Looking further, Wikipedia also explains what it is.
Now, that's out of the way, how do you collect on an FRN-with paper dollars? It makes me dizzy, but I like trying to figure it out.
You have been so helpful and I thank you.
ML/NJ