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Ghana Trends Blog of Friday, 14 April 2023

Source: Ghana Trends

Five Interesting Facts About Money

Money is a ubiquitous concept in modern society. It plays a crucial role in our lives, facilitating trade, commerce, and the exchange of goods and services. While most of us use it every day, there are some fascinating and unusual facts about money that many people are not aware of. In this article, we will explore five interesting facts about money.

1. Money is not made from paper

Although we refer to it as "paper money," most banknotes are not made from paper at all. Instead, they are printed on a blend of cotton and linen fibers. This makes them more durable than regular paper and less prone to wear and tear. The material used in banknotes is designed to withstand the rigors of daily use and to prevent counterfeiting.

2. The world's largest banknote is worth millions

The world's largest banknote is the 100,000 dollar bill, which was issued in the United States in 1934. It features a portrait of Woodrow Wilson, the 28th President of the United States, and was primarily used by the Federal Reserve Bank to transfer funds between banks. While it was never in general circulation, some of these notes still exist and are highly prized by collectors. Today, a single 100,000 dollar bill can be worth millions of dollars.

3. The word "salary" comes from Roman soldiers

The word "salary" comes from the Latin word "salarium," which means "salt money." In ancient Rome, soldiers were paid in salt, which was a valuable commodity at the time. The word "salary" has since come to refer to any form of regular payment, not just those made to soldiers.

4. Money can be dirty

Money is one of the dirtiest things we handle on a daily basis. Studies have shown that paper money can harbor thousands of different types of bacteria, including E. coli and Staphylococcus aureus. These bacteria can survive on banknotes for days or even weeks, making them a potential source of infection. In fact, some experts recommend washing your hands after handling money, especially if you're handling a lot of it.

5. Money can affect our behavior

Money can have a profound effect on our behavior. Studies have shown that people who are primed to think about money are more likely to behave selfishly and less likely to help others. Money can also make people feel more powerful and less empathetic. This is known as the "wealth effect," and it can have significant implications for how we interact with others and make decisions