The USD $100 note was introduced in 1914, and at that time was equivalent to several months' wages for an average citizen.
If currency note denominations were to keep up with inflation, today the Fed would be printing $3000 bills. Yet $100 is still all that we have, effectively making cash transactions less and less feasible every year.
If currency note denominations were to keep up with inflation, today the Fed would be printing $3000 bills. Yet $100 is still all that we have, effectively making cash transactions less and less feasible every year.