Presentation on theme: "The most widely used currency in the world are: Gold Dollars European dollars called “Euros”"— Presentation transcript:
The most widely used currency in the world are: Gold Dollars European dollars called “Euros”
All US Bills are cloth, not paper – 25% Cotton, 75% Linen with red and blue synthetic fibers distributed throughout. The US prints 16,650,000 $1 bills each day. The $1 bill has an average lifetime of months. Damaged bills are shredded. Recently, the Fed destroyed around $7.5B worth of currency.
Dissecting The US Dollar
Legal tender means that everyone is legally required to accept it. This is the government’s stamp of approval. So you can trade it for any goods or services.
Money is a form of currency. Currency is something you can use to exchange things with. The major currency of the world are Gold, Dollars and Euros. The US Dollar is “Legal Tender” means that the government requires people to accept it. Because of this you no longer have to trade but you can use money to buy what you want.