Page 1 of 3 • 1, 2, 3
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:26 pm
Harriet Tubman will soon replace Andrew Jackson as the face of the $20 bill, becoming the first woman in more than a 100 years and first African American ever to appear on the front of a paper note. But this is far from the first big change our nation currency has seen.
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:26 pm
The eagle on your money may have a name. From 1830 to 1836, a certain bird swooped into Philadelphia’s U.S. Mint building so often that workers named him “Peter the Mint Eagle,” cared for him, and allegedly used him as a model for coin engravings for years to come.
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:26 pm
Today, it costs more than a penny to make a penny. According to the U.S. Mint, it costs them roughly 1.7 cents per coin. These are the eight presidential myths that you need to stop believing right now.
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:27 pm
Change adds up fast. In 2015, the TSA reported collecting $765,759.15 in loose change at airport security checkpoints across the country. They get to keep it all. Here are 11 incredibly fascinating facts about the FBI you’ll never believe are actually true!
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:27 pm
U.S. paper money is not paper at all: It’s 75 percent cotton and 25 percent linen. In Ben Franklin’s day, people repaired torn bills with a needle and thread.
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:27 pm
It takes about 4,000 double folds (first forward and then backward) before a bill will tear. It takes far fewer folds for a vending machine to reject your bill—but you can fix that by popping your Washington in the microwave for about 20 seconds to crisp it right up just like this video.
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:28 pm
90% of US dollars carry traces of cocaine
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:28 pm
If you thought carrying traces of cocaine was bad, the Southern Medical Journal found traces of fecal matter on 94% of dollar bills tested
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:28 pm
All the US coins and dollar bills in circulation today are worth about $1.2 trillion
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:28 pm
66% of all US cash is held overseas by foreign governments and individuals
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:29 pm
1,400 years ago China created the first paper money
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:29 pm
Switching US 1 dollar bills from paper to coins would save the government nearly $4.5 billion over the next 30 years
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:29 pm
Every year, more monopoly money is printed than real money
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:29 pm
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
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:29 pm
North Korea is the largest counterfeiter of US currency
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:30 pm
If you have $10 in your wallet and no debt then you are wealthier than one quarter of Americans
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:30 pm
If Bill Gates spent $1 million every day, it would take him 218 years to spend all of his money
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:30 pm
Until World War II, tea bricks were used as currency in Siberia and Asia
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:30 pm
Seashells used to be a fairly common form of currency in many parts of the world
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:30 pm
More than 34% of an American's take-home income is spent on interest (credit cards, loans, etc)
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:31 pm
The flu virus can remain infectious on a dollar bill for up to two weeks
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:31 pm
Studies have found that arguing about money is the top predictor of divorce
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:31 pm
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
- Dhruv singhaniya
- Posts : 12549
Join date : 2019-01-07
Re: How does Currency work ?
Mon Jan 14, 2019 12:31 pm
Nearly 50% of Americans report that they are unable to pay a $400 emergency expense without borrowing
Page 1 of 3 • 1, 2, 3
Permissions in this forum:
You cannot reply to topics in this forum
|
|