We’re going to have a little trivia fun today. PYMNTS.com recently published an article listing seven things you might not know about the U.S. dollar, see how many of these facts you know. The list includes:
1. The U.S. dollar became the official unit of currency with the passage of the “Mint Act” on April 2, 1972.
2. The Federal Government started issuing “paper” money in 1861 at the onset of the Civil War.
3. Banks lost the ability to print their own money in 1929.
4. The U.S. started using the currency we use today in 1913 with the passage of the Federal Reserve Act.
5. “In God We Trust” started appearing on U.S money in 1957.
6. Approximately 40 percent of all money issued is $1 bills.
7. The largest bill ever printed was a gold certificate valued at $100,000 and it had Woodrow Wilson pictured on it. This was minted in 1937 and used for inter-bank commerce only – it was never circulated in the general public.
How many did you know? Share with your friends and show off your U.S. currency knowledge.