FINANCIAL FUN FACTS
Who was the first lady to appear on US currency?
A. Martha Washington
B. Susan B. Anthony
C. Sacagawea
Martha Washington
**Martha Washington appeared on a $1 silver certificate in 1886 and 1891, as well as on the back of the $1 silver certificate in 1896.
True or false: There has been a $10,000 bill.
True!
*** in 1918, the Federal Reserve board issues $10,000 notes featuring Salmon P. Chase’s portrait. This note is intended for bank-to-bank large value transfers, not public circulation. Last printed 1945. Discontinued 1969.
True or False: The nickel is our only coin that's not a clad coin or metal "sandwich."
True!
**All other coins are filled with a less expensive metal on the inside.
A long-term online scam that involves tricking victims into investing money in fraudulent schemes.
A. Phishing
B. Pig Butchering
C. Identity Theft
B. Pig Butchering
This civilization is credited with establishing the first banks.
A. The United States of America
B. Mesopotamia
C. Greece
D. Egypt
B. Mesopotamia
**Ancient Mesopotamia is believed to have had the first banks dating back around 2000 BCE.
This became a slang term for a dollar because deerskins used to be used as currency.
Buck
Name one of the two women who has appeared on the dollar coin.
Susan B Anthony
Or
Sacagawea
Coins can stay in circulation for roughly how long?
A. 19 years
B. 30 years
C. 25 years
D. No Limit on Circulation Time
B. 30 years
True of False: Dogs can detect the scent of money.
True!
**Trained dogs can detect the scent of money, which helps customs officials catch smugglers attempting to move large sums of cash across borders.
True or False: More banks failed in 2008-2015 than during the Great Depression (1929-1933).
False!
**About 500 banks failed between 2008-2015. About 9000 banks failed during the Great Depression
The Bureau of Engraving and Printing produces about _____ of currency per day.
A. $572 Thousand
B. $160 Million
C. $696 Million
$696 Million
There are about 54.6 billion notes (pieces of paper currency) in circulation. This equates to about _______ in circulation.
A. $976 Billion
B. $2.3 Trillion
C. $589 Billion
B. $2.3 Trillion
The U.S. Mint makes new coins every year. What percentage do the new coins make-up of the total amount of coins in circulation?
A. 20%
B. 10%
C. 5%
D. 63%
A. 20%
Which is true: It cost a nickel to make a penny.
or
It costs a dime to make a nickel.
It costs a dime to make a nickel.
**As of 2024, it cost about 3.7 cents to make a penny. It costs about 13.8 cents to produce a nickel.
This country has the most banks with over 4,500.
United States of America
When was the last time the US Bureau of Engraving and Printing printed banknotes larger than the $100 bill?
A. 1945
B. 1979
C. 1861
A. 1945
**On July 14, 1969, the Federal Reserve and the U.S. Department of the Treasury announced that banknotes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued due to lack of use. Although they were issued until 1969, they were last printed in 1945.
In 1963, the first ___ appear in New York City. They allow bank customers to retrieve cash from their accounts without needing to visit the bank.
ATM
What do you call someone who collects coins?
A. Arctophile
B. Numismatist
C. Philatelist
D. Pannapictagraphists
B. Numismatist
This is the most counterfeited banknote in the U.S.
A. $1 Bill
B. $5 Bill
C. $10 Bill
D. $20 Bill
E. $50 Bill
F. $100 Bill
D. $20 Bill
True of False: There are banks on all 7 continents.
False!
**None in Antarctica BUT there are ATMs there.
All US currency since 1956 has had this phrase printed on it __ ___ __ _____
In God We Trust
There is an estimated $70 million in ________ bills in circulation.
A. One-dollar bills
B. Counterfeit bills
C. Contaminated bills
B. Counterfeit bills
How many ridges are on the outside of a quarter?
A. 59
B. 72
C. 212
D. 119
D. 119
Approximately this many people are employed by banks in the U.S.
A. 680,000
B. 230,000
C. 1,560,000
D. 1,970,000
D. 1,970,000
This country has the oldest bank still in existence:
A. England
B. Italy
C. China
D. Switzerland
B. Italy
**Banca Monte dei Paschi di Siena has been operating since 1472