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Cold Hard Facts About Money

Mar 21 2011

Money Facts

Cold Hard Facts About Money

There are some interesting facts about money that may make you think twice before holding that dollar bill with your lips. Nine out of ten US dollar bills have traces of E. Coli, Staphylococcus and cocaine. Chinese banknotes are even worse with 178,000 bacteria colonies on each one and cocaine residue on one out of 10. There is $1,999,897,000,000 in circulation now and that’s a lot of bacteria.

With all of this bacteria, cash has a short lifespan. Only 21 months for a dollar bill, 16 months for a five dollar bill, 18 months for a 10, 24 months for a 20 dollar bill, 55 months for a fifty and 89 months for a 100.

Right now there are six denominations of bills circulating, but there have been twice that many. The $500, $1,000, $5,000, $10,000 and $100,000 bills are no longer in circulation. There are $1.5 billion in two dollar bills in circulation, but they are no longer being printed.

Have you ever wondered what happened to your old jeans? You may be spending them everyday. Every day the US prints $629 million. In one year about 2.7 billion are ones and 1.8 are hundreds. Fives, 10s, 20s and 50s are around 370 million each. US currency bills are made from 75 percent linen and 25 percent cotton, and very bill contains a little recycled denim.

It is not always easy to detect counterfeit money. There is $200 million worth of counterfeit money circulating in the US. $45 million was printed in North Korea and eight out of 10 of those bills were printed on a personal computer.

ATM machines are a convenient way to collect the cash you need. They seem to have an unlimited supply, but they actually only contain 1,500 bills and only about 40 new ones are added each day. The fees for using them are about $640 million a year for the bank.

One more interesting piece of information about money is about the penny. Every year congress considers discontinuing the penny, after all it costs 1.2 cents to manufacture and the US loses $45 million per year on pennies and nickels. There are 150 billion in circulation and people seem to like it that way. Every year congress decides to continue making the penny.

I order to earn your share of money in circulation now, take a free career aptitude test that will give you the right guidance for selecting employment. A career aptitude test may help you decide what you want to do with the rest of your life. If you already have a job or career but you think it’s really not for you, then you need a career assessment test. Career assessment and an aptitude test will help you determine your strengths and weaknesses and make it easier for you to find an interesting and enjoyable future.