Infographic: Cold Hard Facts About Money

While we’re so used to the terms savings and debt, do you think you know what money actually is? Facts like: What’s the money made of? How much it costs to produce a currency? How many people have credit cards? This visual provides all sorts of fun facts about the state of cash in 2013.

While we’re so used to the terms savings and debt, do you think you know what money actually is? Facts like: What’s the money made of? How much it costs to produce a currency? How many people have credit cards? This visual provides all sorts of fun facts about the state of cash in 2013.

Historically, the strongest and most stable currencies were those backed by gold and silver. It was this gold/silver backing that gave the currency its intrinsic value. Today we are told that gold and silver as a monetary value is obsolete, and that fiat currencies can perform the same function and have the same safety as a gold/silver backed currency.

In principle, fiat currencies such as the U.S. dollar, euro or pound, have the same intrinsic value as Monopoly bills. But the confidence in fiat money stems from the economic and financial stability of the governments and central banks issuing it.

This infographic provides a brief history into the creation of the first dollar bill and has all sorts of fun facts about the state of cash in 2013.

Related Infographic: Bitcoins Vs Gold

Related: Who Are The Ones Manipulating The Gold Price?

via MBA in Finance