Many people today are opting for “cashless shopping”, hence, the popularity of credit and debit cards. As long as these cards have an “outstanding balance”, you can buy whatever you need.
But when financial problems strike and you have no money on your credit cards, cash loans are the first things that come to mind. While waiting for your loan approval in Salt Lake City, here are some interesting and fun facts about cash that can help you forget about your financial woes for a while.
In God We Trust
The phrase wasn’t a staple in the American dollar before 1957. It was first seen in 1864 on a US coin, and has since appeared intermittently. At the height of tensions that arose with the threat of communism in the 1950s, it was used to signify that God was on democracy’s side.
The Secret Service
Not too many people know that the Secret Service was actually formed for counterfeit prevention during the Civil War Era. Today, it is still in charge of stopping counterfeiting operations, in addition to providing presidential security.
The Bureau of Engraving & Printing prints $907M worth of bills on a daily basis. Around 9.7 tons of ink are used every day to print the bills in two locations, namely Washington, DC and Fort Worth, Texas.
The $2 Bill
The first $2 bill was printed in 1776, but the production was stopped in 1966. However, it was put back in circulation a decade later as a way to save on cost. It remains the most unpopular bill today; only one of every 100 bills printed daily is of this denomination.
The Largest-Denominated Bill
The $100 bill is the largest denominated bill today. While 1000 and 500 dollar bills were printed before 1934, the bills were only intended for transferring funds from one bank to another prior to the onset of electronic money transfers.
While cashless shopping is very convenient, you can’t afford not to have dollar bills in your wallet or safe. Next time you have cash on your hands, remember these facts and you will never look at money the same way again.