[Amazing] 25 Little Known Facts About Money And Currency
Money has been around ever since people began to trade things with one another. At first it was sea shells, stones, or other little trinkets. Eventually it turned into various types of metals such as gold. Over time that gold became coins and paper money. While the history of currency is extremely interesting, that is not the sole topic of today’s list. We are going to have a look at some extremely intriguing facts about money. For example, did you know that one penny costs 2.4 pennies to produce? Or did you know that North Korea is the top counterfeiter of United States currency? Actually, on the topic of counterfeit currency, one of the ways to spot a counterfeit bill is to look for something that is too good. That’s right, the authorities often identify counterfeit bills as a result of their perfection. When we speak of currency though, we’re not just talking about bank notes. We are also talking about newer forms of payment like credit cards and virtual currency. In this list we are going to go over all of it. So, get ready because these are 25 little known facts about money and currency!
90% of US dollars carry traces of cocaine
Source: cnn.com, Image: wikipedia
If you thought carrying traces of cocaine was bad, the Southern Medical Journal found traces of fecal matter on 94% of dollar bills tested
Source: Southern Medical Journal, Image: wikipedia
All the US coins and dollar bills in circulation today are worth about $1.2 trillion
Source: federalreserve.gov, Image: wikipedia
66% of all US cash is held overseas by foreign governments and individuals
Source: discovermagazine.com, Image: wikipedia
1,400 years ago China created the first paper money
Source: wikipedia, Image: wikipedia
Switching US 1 dollar bills from paper to coins would save the government nearly $4.5 billion over the next 30 years
Source: wikipedia, Image: wikipedia
Every year, more monopoly money is printed than real money
Source: wikipedia, Image: wikipedia
Moving past simple bank notes, throughout the world US wealth accounts for $75 trillion. If this were to be evenly distributed among every person on Earth, we would all have $11,000
Source: wikipedia, Image: pixabay
North Korea is the largest counterfeiter of US currency
Source: wikipedia, Image: wikipedia
If you have $10 in your wallet and no debt then you are wealthier than one quarter of Americans
Source: forbes.com, Image: wikipedia
If Bill Gates spent $1 million every day, it would take him 218 years to spend all of his money
Source: businessinsider.com, Image: wikipedia
You’ve probably never seen money in this form before? Check out these 25 extremely cool examples of money origami.
Until World War II, tea bricks were used as currency in Siberia and Asia
Source: wikipedia, Image: wikipedia
Seashells used to be a fairly common form of currency in many parts of the world
Source: wikipedia, Image: pixabay
More than 34% of an American's take-home income is spent on interest (credit cards, loans, etc)
Source: wikipedia, Image: wikipedia
The flu virus can remain infectious on a dollar bill for up to two weeks
Source: wikipedia, Image: wikipedia
Studies have found that arguing about money is the top predictor of divorce
Source: k-state.edu, Image: wikipedia
The first credit card that could be used at multiple establishments was invented by Frank McNamara because he forgot his wallet when he was out to dinner with friends
Source: wikipedia, Image: wikipedia
Nearly 50% of Americans report that they are unable to pay a $400 emergency expense without borrowing
Source: wsj.com, Image: wikipedia
US paper money isn't really paper. It's cloth.
Source: wikipedia, Image: wikipedia
In fact, 200 years ago people repaired torn bills with a needle and thread.
Source: wikipedia, Image: wikipedia
Bob Marley's last words were "money can't buy life"
Source: wikipedia, Image: wikipedia
Counterfeit dollars can actually be too good. In fact, fake bills are quite often detected because they look too real.
Source: wikipedia, Image: wikipedia
The first pennies were 100% copper
Source: wikipedia, Image: wikipedia
Today, they are 95% zinc
Source: wikipedia, Image: wikipedia
But one penny still costs 2.4 cents to manufacture
Source: cnn.com, Image: wikipedia
