By: Michael Frasher

Money is something that is used all around the world. Every country has its own special name that represents what it is called. Money comes in paper which is called a banknote (paper money) and coins. In the old days before there were banknotes and coins, money could have been something such as a stone. You can also have a plastic card (a credit card) which is a modern day piece of money. Money might be different in a different country but remember it is used the same way to buy goods or services.

Eisenhower is on the dollar coinKennedy is on the half dollar coinWashington is on the quarter coin Roosevelt is on the nickel coinLincoln is on the penny coin

22 different colors are made to form eight inks to give the specific combination for one single note.

The 10,000 dollar bill is the largest bill ever printed in the U.S. This bill was first printed in 1934. In 1969 they were recalled and there are very few around today.

Yes, banknotes are made of special paper. Almost every banknotes is made of dense 80 to 90 per square meter starch paper.

The oldest written records of money are from Ancient Mesopotamia from about 4,500 years ago. They didn’t use banknotes and coins like we do, they used stones or weighed amounts of metal which led to the invention of coins.

The U.S. Mint produces about 11 to 20 billion each year. The U.S. Mint is a place that makes coins but also distributes U.S. coins to the federal reserve banks and branches.

How are coins made?Coins are made by a process called minting.

Minting is the process of making coins.

What is the Federal Reserve?The Central banking system of the United

States is the Federal Reserve system. A responsibility of the Federal Reserve is providing stability for banking institutions.

There are 5 parts of the federal reserve they are Board of Governors, Federal Open Market Committee, Federal Reserve Banks, Member Banks, Advisory Councils.

The reason credit cards were invented is because banks wanted to keep up with credit as in owed money better.

Money in Different Countries >

Dollar- 100 centsBanknotes- 1,000, 500, 100, 50, 20, 10, 5, 2, 1

dollarCoins- 25, 10, 5, 1 cent

Peso Banknotes- 50,000, 20,000, 10,000, 5,000,

2,000, 1,000, 500 pesoCoins- 500, 200, 100, 50, 20, 10, 5, 1

peso

LiraBanknotes- 100,000, 50,000, 20,000,

10,000, 5,000, 2,000, 1,000 liraCoins- 500, 200, 100, 50, 20, 10 lira

Pound- 100 piastersBanknotes- 100, 50, 20, 10, 5, 1 pound50, 25 piasters

Franc- 100 centimesBanknotes- 500, 200, 100, 50, 20 francCoins- 10, 5, 2, 2, 1 franc 50, 20, 10, 5 centimes

Drachma- 100 leptaBanknotes- 5,000, 1,000, 500, 100, 50

drachmaCoins- 50, 20, 10, 5, 2, 1 drachma50 lepton

Yuan- 10 Jiao, 100 fenBanknotes- 10, 5, 2, 1 yuan 5, 2, 1 jiao

The official currency of the European Union is the euro. It is used in 16 of the 27 member states in Europe. The reason why they invented the euro which began use in 1995 is, because the number of various forms of currency were so great in a very small area.

Banknotes- 5, 10, 20, 50, 100, 200, 500Coins- 1, 2, 5, 10, 20, 50

Cribb, Joe. Eyewitness Books Money. New York. Alfred A. Knopf, Inc. 1990

Stanzerfield, Kenny. $500 to $1,000 to $10,000 and Beyond: The Biggest Dollar Bills in United States History. Offbeat. February 12, 2008. http://purpleslinky.com/offbeat/500-to-1000-to-10000-and-beyond-the-biggest-dollar-bills-in-united-states-history/

Federal Reserve System. Wikipedia.http://en.wikipedia.org/wiki/

Federal_Reserve_System

About the United States Mint. http://www.usmint.gov/about_the_mint/index.cfm?flash=yes

Banknote. Wikipedia. http://en.wikipedia.org/wiki/Banknotes

Why were credit cards invented? http://wiki.answers.com/Q/Why_were_credit_cards_invented

Who are the presidents on the U.S. coins? http://wiki.answers.com/Q/Which_presidents_are_on_US_coins

Euro. Wikipedia. http://en.wikipedia.org/wiki/Euro

Johnson, David. “Euro Makes Its Debut.” Euro. http://www.factmonster.com/spot/euro6.html

Cribb, Joe. Eyewitness Books Money. New York. DK, Inc. 2003