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AMUSING FACTS : BUSINESS > MONEY
  • On October 15, 1794, the first silver dollar coins were released to be circulated to the public.
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    (Added: Fri Oct 31 2008 By Gauher)
  • Paper money is not made from wood pulp but from cotton. This means that it will not disintegrate as fast if it is put in the laundry.
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    (Added: Fri Oct 31 2008 By Gauher)
  • The first credit card was issued by the Diners' Club. Back in 1949, when Frank McNamara was at a restaurant, he realized he did not have enough money to pay for his meal, and had to call his wife to bail him out. He then came up with the idea of the Diners Club, which later issued the first credit card.
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    (Added: Fri Oct 31 2008 By Gauher)
  • The largest bill U.S. bill made is for $100,000.
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    (Added: Fri Oct 31 2008 By Gauher)
  • In Canada, the $1 and $2 come in the form of coins. The $1 is nicknamed a "loonie" because it contains a loon on it and the $2 is nicknamed the "twonie" because it is the equivalent of two "loonies."
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    (Added: Fri Oct 31 2008 By Gauher)
  • U.S. bills are 2.61 inches wide, 6.14 inches long, and are .0043 inches thick and weigh 1 gram.
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    (Added: Fri Oct 31 2008 By Gauher)
  • It would take about fourteen and half million notes of currency to build a mile high stack.
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    (Added: Fri Oct 31 2008 By Gauher)
  • The highest toll paid by a ship to cross the Panama Canal was by the Crown Princess on May 2, 1993 in the amount of $141,349.97 U.S. funds.
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    (Added: Sun Sep 21 2008 By Gauher)
  • A British term for slot machine is "fruit machine" or "one-armed bandit.".
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    (Added: Sat May 31 2008 By Gauher)
  • Minimum wage was 0.25 per hour when it was first enacted in 1938.
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    (Added: Sat May 31 2008 By Gauher)
  • Approximately 40% of the U.S. paper currency in circulation was counterfeit by the end of the Civil War.
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    (Added: Sat May 31 2008 By Gauher)
  • The life expectancy of a $100 bill is nine years.
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    (Added: Sat May 31 2008 By Gauher)



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