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Surprising Facts About Money and Economics

Surprising Facts About Money and Economics

2.7k likes3.2k insights9 facts·May 30, 1:42 PM
  • 01

    The first paper money was created in China during the Tang Dynasty in the 7th century.

  • 02

    The U.S. Bureau of Engraving and Printing produces more than 3 billion $1 bills each year.

  • 03

    In Canada's currency, the $2 coin, affectionately known as the 'toonie,' features a polar bear on one side.

  • 04

    The largest denomination of U.S. currency ever printed was the $100,000 bill, which was used only for transactions between Federal Reserve Banks.

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  • 05

    More than 90% of the world's currency exists only on computers and not in physical form.

  • 06

    Vending machines in Japan sell everything from socks to umbrellas, contributing to a more than $60 billion industry.

  • 07

    In Zimbabwe, hyperinflation led to the printing of a $100 trillion note, which later became a collector's item when the currency was abandoned.

  • 08

    The word 'salary' comes from the Latin word 'salarium,' which means payment in salt, a valuable commodity in ancient times.

  • 09

    Monopoly, the world's most popular board game about real estate and finance, has been translated into 37 languages.