15 Fantastic Fact About MONEY
1. Money is used to play for various goods and services.
2 .Many countries have their own currency, while some use a shared currency .
3
. An example of a shared currency is the euro used in the European Union by countries such as France , Germany and Spain .
4 .The currency most traded around the world is the United States dollar
5. Other heavily traded currencies include the euro, Japanese yen and pound sterling [ British pound ] .
6.It is believed that products such as livestock and grain were used to barter [ exchange goods and services without the use of money ] over 10000 years ago.
7. The first coin were minted [ made ] around 2500 years ago.
8. Paper money was first used in China over 1000 years ago.
9. The benefit of metal coins is that they are portable and durable .
10. The original value of a British pound was equal to pound [ in weight ] of silver.
11.Credit cards were first used in the United States in the 1920' s.
12. The US dollar and many other currencies use the dollar sign $ as a symbol.
13. US currency features former presidents such as George Washington [ $ 1 bill ] , Abraham Lincoln [ $ 5 bill ], Andrew Jackson [ $ 20 bill ] and Benjamin Franklin [ $ 100 bill ]
14. Coins and banknotes are popular items for collectors, especially rare, old and misprinted ones.
15. Inflation decreases the purchasing power of money over time.
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