Money: The Cold Hard Facts

MONEY THECOLD HARDFACTS Article One of the United States Constitution grants Congress the power to issue money and to regulate its value. MONEYMAKER U.S. Currency: Cost of Production A note costs 6.4¢ There are approximately $1.18 trillion U.S. dollars in circulation. A penny costs 1.23¢ The U.S. produces 26 MILLION notes a day with a face value of A nickel costs 5.73¢ $907,000,000. The $100 bill is the largest produced currently. FEDERAL REHERVE NOTE AE 77665544 B OF E5 KTAIS Printed in 1934, the $100,000 Gold Certificate AE 10 PRIVTE Roks Aie ONE HUN $100,000 was the largest bill ever printed by the U.S. E INTEEDSTAVISOPAMERIOS "In God We Trust" did not appear on paper currency until 1963. NGOD WE TREST Nearly half of the bills produced are $1. The Average Life Spans of Currency $100. $50 $20 $10. $5. $1. .7.5 years .4.5 years .2 years 18 months .16 months 21 months 95% of the bills produced are to replace circulated bills. The average note will require 4,000 double folds before it will tear. WHATS YOUR MONEY MADE OF? Currency is fabric containing OEDER 75% cotton and 25% linen and has red and blue synthetic fibers thrown in. 679 A One can easily make these TATES out when looking at a note. Green Ink is used because it was readily available when bills were first printed, it is resistant to chemical and THIS NOTE IS LEGAL TENDER FOR ALL DEBTS. PUBLIC AND PRIVATE physical changes. Trranrer of the Unitrd States. A bill weighs one gram. 454 bills weigh one pound. %24 9.7 TONS 454 1LB The Bureau of Engraving and The ink in bills is magnetic which is how a vending Printing uses approximately 9.7 tons of ink per day. machine detects a real bilI. Most coins are a copper filling with a metal coating Nickel the outside, 75% copper 25% nickel Copper Pennies are zinc with a copper coating. Ridges Nickels are produced with only the copper/nickel mix. were put on coins to deter people from shaving parts of the coin off when they were made of gold and silver. CREDIT Currency versus Plastic/Electronic 000 0000 0000 Paper or Plastic? U.S. consumers hold 80% 609.8 million of consumers currently have a debit card. credit cards. 78% have a credit card. Credit card debt in the U.S.: 43% $800 billion of people have gone a full week without paying cash or coins for anything. They used a card with electronic funds. 01010 Bitcoins a form of popular online currency which can be exchanged for hard currency. Sources: http://www.federalreserveeducation.org/about-the-fed/structure-and-functions http://www.bargaineering.com/articles/50-fun-facts-about-cold-hard-cash.html http://www.federalreserve.gov/faqs/currency_12773.htm http://www.creditcards.com/credit-card-news http://abcnews.go.com/WNT/Business/story?id%31457162#.UYH-İLWTISO https://www.aier.org/article/7672-got-cash-not-long http://www.consumersunion.org/wp-content/uploads/2013/03/credit-card-facts-stats.pdf http://www.delraycc.com/InterestingMoney/12MoreAmazingMoneyFacts/tabid/183/Default.aspx Presented by mba-in-finance.org Created by OBizMedia 01070 T010101 1010