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fact about money pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What are some fun facts about money?

Here are 25 fun facts about Money: The word “money” comes from the Latin word “moneta,” meaning “mint” or “coinage.” The world’s first paper money was used in China during the Tang Dynasty (618-907 AD). The first coins were made over 2,500 years ago in Lydia (modern-day Turkey). The first U.S. banknotes were issued in 1862 during the Civil War.

How much of the world's currency is physical money?

Only 8% of the World’s Currency Is Physical Money Interesting money fact: With mobile banking and electronic payments becoming more and more common, people are earning and spending money without having to even touch it.

What is the function of money?

The basic function of money is to enable buying to be separated from selling, thus permitting trade to take place without the so-called double coincidence of barter. In principle, credit could perform this function, but, before extending credit, the seller would want to know about the prospects of repayment.

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