Fun Financial Fact Friday
Aug 27, 10
Fun Financial Fact Friday
On Fridays, I will try to lighten it up a bit. I’ve always liked random trivia, so, I’m going to give you some random facts about the economy, currency, money, vacations, and anything related to finances that I can find. So, enjoy…
Did you know?
- The expiration date on your credit card is only because you should replace the physical card every few years, not because your “account runs out” or such.
- It only takes 17 months to wear out a $1 bill, because of how often they are used.
- There was a $3 bill in the 1800’s. They just weren’t popular.
- Henry Ford was the first billionaire in the US.
- The Social Security Office does not reassign numbers after people pass away: “We do not reassign a Social Security number (SSN) after the number holder’s death. Even though we have issued over 420 million SSNs so far, and we assign about 5 and one-half million new numbers a year, the current numbering system will provide us with enough new numbers for several generations into the future with no changes in the numbering system.”(socialsecurity.gov)
- The highest denomination ever printed by the United States is the $100,000 Gold Certificate. They were used only for transactions between the Federal Reserve and the Treasury Department.
- If you work in finance, you only have a 1 in 100 chance of getting injured at work. Guess I’m safe then, huh?
- The word “check” is taken from the word used in chess. Just as someone who’s King is “in check” in chess has a limited amount of moves they can make, the possessor of a check has limited options as to how to use it (how much money you can get with it, etc).
- A bill weighs exactly 1 gram.
That’s it for this week. Until next week, Spend Smart, save smart!$
