Fun facts about money

The Star Malaysia - Star2 - - LIV­ING - Source: http://www.sci­encekids.co.nz/sci­ence­facts/tech­nol­ogy/money.html

MANY coun­tries have their own cur­rency, while some use a shared cur­rency. An ex­am­ple of a shared cur­rency is the euro (�) used in the Euro­pean Union by coun­tries such as France, Ger­many and Spain.

The cur­rency most traded around the world is the United States dol­lar. Other heav­ily traded cur­ren­cies in­clude the euro, Ja­panese yen (¥) and Bri­tish pound ster­ling (£).

It is be­lieved that prod­ucts such as live­stock and grain were used to barter (ex­change goods and ser­vices with­out the use of money) over 10,000 years ago.

The first coins were minted (made) around 2,500 years ago.

Pa­per money was first used in China over 1,000 years ago.

The ben­e­fit of metal coins is that they are por­ta­ble and durable.

Credit cards were first used in the United States in the 1920’s.

The US dol­lar and many other cur­ren­cies use the dol­lar sign $ as a sym­bol.

Coins and ban­knotes are pop­u­lar items for col­lec­tors, es­pe­cially rare, old and mis­printed ones.

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