The suitability of a banknote – in terms of material and substance (quality) and – in terms of legitimacy (legitimacy, authenticity) – to perform its tasks in payment transactions. – See banknote management, validation, bridge Abney phenomenon, counterfeit protection, window money, secondary currency, security strip. – Cf. ECB Monthly Bulletin, October 2007, p. 111 ff. (individual issues relating to the fitness of euro banknotes for circulation).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/

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