Top 10 Facts About Money That You Should Know
Most of us touch cash on a daily basis, but what do we really know about the currency we handle with our hands all the time?
Money makes the world go round. We chase it, earn it, spend it and generally rely on it to survive. But all money is really; is a credit system, used to represent resources. When you examine the facts and history of the concept, you can learn some rather surprising things!
These 10 facts about money are a great place to start learning about the surprising side of something that has become so ordinary in our day-to-day lives.We’ve complied a list of 10 interesting facts about money that you may find surprising…
1-The Chinese had been exchanging paper money 500 years before the practice became widespread in Europe during the 16th Century.
2-Pablo Escobar had so much money in his warehouse that rats ate roughly $1 billion and it didn’t matter.
3-The lottery kills you. Sticking with the lottery, a person who drives 10 miles to buy a lottery ticket is 3 times more likely to die in a car accident while driving to buy the ticket than they are in winning the lottery.
4-There are ATMs on every continent on Earth. There are over 1.6 million ATMs in the world, and there is even one in Antarctica.
5-The U.S. once made a $100,000 bill. The largest bill ever produced (no not the $10 trillion dollar bill) was the $100,000 gold certificate. It was made to be used between banks and not for the general public.
6-Only 8% of the world’s currency is actual physical money. No, the rest isn’t Bitcoin. The majority of transactions are all done digitally so no physical currency exchanges hands.
7-Money is dirty. We’ve all heard how dirty money is and how reportedly there are traces of cocaine on 90% of paper money, but did you know that money is dirtier than a household toilet?
How about the fact that the flu virus can live on a bill for up to 17 days!
8-North Korea is the largest counterfeiter. North Korea has mastered the art of counterfeiting U.S. currency, specializing in a perfect replica of our $50 and $100 bills.
Their fakes are so impressive that they are referred to as “superdollars,” and require specialized equipment at the Federal Reserve to be detected.
As of 2009, an estimated $45 million worth of these fake bills have been identified.
9-During a period of intense hyperinflation in Zimbabwe, where a loaf of bread could cost $300 billion, a $100 trillion note was produced.
10-About $30 billion of Monopoly money is printed each year, compared to $972 million of real money that’s printed in the US.
Many of us miss out on good money making opportunities because we’re too scared to take a risk.
Did you find these facts surprising? Maybe you have an interesting fact you could share? Let us know in the comments below.