9. What is soiled note and mutilated note and counterfeit note?

Question

Accepted Answer

Soiled, mutilated, and counterfeit notes are types of unusable currency.

Soiled notes are those that are dirty or stained and cannot be used in transactions.
Mutilated notes are those that are torn, damaged, or have pieces missing, making them unusable.
Counterfeit notes are fake currency that is made to look like real currency, but is not legal tender.
Banks and financial institutions have strict guidelines for identifying and handling these types of notes.
In some cases, individuals may be able to exchange soiled or mutilated notes for new ones at a bank or currency exchange.
Counterfeit notes are illegal and can result in criminal charges for those caught producing or using them.

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