Counterfeit money is usually currency produced without the authority’s permission or government sanction. It is seen that Counterfeit $100 Notes are somehow deceived or imitated by the frauds. The attempt of producing such currencies or imitating means fraud or forgery. This kind of activity is illegal everywhere. At first, people used coins or other elements in exchange for any commodity. Before the appearance of paper money, counterfeiting came into existence by mixing metals with gold or silver. Then came another procedure of counterfeiting, and that was in documents.
Impact on the society
Society has been affected by the ill threats of counterfeit. This has caused a terrible loss of buying power where it caused the reduction of real money. It has increased the prices of all the items, which became difficult for the common people to purchase things due to Counterfeit £10 Notes. Due to the trust issues among the people public was bound to use Gold or silver coins. This became a big threat among the people, and it also affected the trust issue within the public. The entire world was frustrated with the act and a loss was seen in the market.
Precautions that Government took
Proper measures included printing bills or a code placed in the paper notes. For the coins, a kind of mark is inserted into the edges. These things will not be seen in other false notes or coins. This system has somewhere put less effect on the commercial field. In the latter days, advanced computers and technology came up where national bureaus took major responsibilities in providing holograms, colorful bills, devices, and many more. These were some of the measures that have somewhere changed the entire scenario of marketing and the conditions did improve for the next years.