Cool Facts About Money Everyone Should Know, but Hardly Anyone Does

Here are 15 fascinating facts about currency, from its ancient origins to modern-day quirks and the intriguing stories that lie behind every dollar in your wallet.

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Money’s Ancient Origins

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The Largest Denomination Bill

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Money Can Be Dirty

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Digital Currency’s Rise

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The Power of Compound Interest

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Read the Full Article: Cool Facts About Money Everyone Should Know, but Hardly Anyone Does

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Cool Facts About Money Everyone Should Know, but Hardly Anyone Does

Here are 15 fascinating facts about currency, from its ancient origins to modern-day quirks and the intriguing stories that lie behind every dollar in your wallet.

Money’s Ancient Origins

Money has been around for a long time. The first known currency was created by King Alyattes in Lydia, now part of Turkey, in 600 B.C. Coins then were made from electrum, a mixture of silver and gold.

The Largest Denomination Bill

The largest bill ever printed by the U.S. Bureau of Engraving and Printing was the $100,000 bill, which featured President Woodrow Wilson.

Money Can Be Dirty

Physical money can be a breeding ground for bacteria. Studies have shown that a vast majority of U.S. bills are contaminated with cocaine.

Digital Currency’s Rise

Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto.

The Power of Compound Interest

Albert Einstein once referred to compound interest as the “eighth wonder of the world.” It represents the principle where the interest you earn on your savings or investments begins to earn interest on itself.

Read the Full Article: Cool Facts About Money Everyone Should Know, but Hardly Anyone Does

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