In a Bundle, How Many $100 Bills Are There?

One bundle contains precisely 1,000 $100 bills. For all bills greater than $1, a bundle is defined by Federal Reserve Bank Services as 10 currency straps of 100 bills each. A bundle of 10 money straps is worth $100,000, and a strap of $100 bills is worth $10,000.

The American Bankers Association classifies currency straps according on colour and denomination. To guarantee that deposits can be processed without error, a variety of stringent procedures must be followed when money is readied for deposit at a Federal Reserve Bank. For instance, all invoices must be aligned before being placed with

Misha Khatri
Misha Khatri is an emeritus professor in the University of Notre Dame's Department of Chemistry and Biochemistry. He graduated from Northern Illinois University with a BSc in Chemistry and Mathematics and a PhD in Physical Analytical Chemistry from the University of Utah.

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