Did you know that the first ATM was installed in London in 1967?
Or that the first credit card was introduced in 1950?
Did you know that money isn’t actually made from paper? It’s made from cotton! Paper money is only about 80% cotton. The other 20% is made from linen. That’s why money feels a little bit crispy.
In this blog post, we’ll take a look at some fun money facts that you may not know.
Here are some quick fun money facts:
- The average life span of a $1 bill is 18 months
- The average life span of a $5 bill is 2.5 years
- The average life span of a $10 bill is 4 years
- The average life span of a $20 bill is 5 years
Did you know that paper currency is made of a blend of 75% cotton and 25% linen? Or that the first paper money was used in China over 1,000 years ago?
- The United States issues more than 50% of the world’s paper currency.
- The average life span of a paper bill is about 18 months.
- About 8.5% of all U.S. currency is counterfeit.
- There are more than 1,500 different types of coin in circulation around the world.
- The first metal coins were made of gold and silver.
- Coins were first used in China over 2,500 years ago.
- The U.S. Mint produces more than 20 million coins a day.
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