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in·fla·tion (ǐn-flā'shun)
An increase in the volume of money and credit relative to available goods and services resulting in a continuing rise in the general price level
For instance, a car that would have cost you $10,000 in 1985 would cost you $17,746 today.
For more about inflation, visit Wikipedia. |
The Secretary of the Treasury is responsible for making the final decision on who will appear on U.S. bills. Since U.S. law prohibits portraits of living persons from appearing on Government Securities, the Secretary has to ensure that the portrait is of a deceased person whose place in American history is well known. |
