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Transcript of Money
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. In the ancient world Hera was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located.
Fun Facts About Money
There is more money printed for the game Monopoly every year than real money printed around the world.
90% of US$ bills carry traces of cocaine.
The first credit card was created because of the embarrassment of a man who had to pay for dinner but forgot his wallet.
The world's first paper money was created in China 1,400 years ago.
Bob Marley's final words were "Money can't buy life."
The First Coins
Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects.
The first traces of numismatics in Turkey were in the Ottoman Empire.
Numismatics got a very old history. Coin collecting may have existed in ancient times.
How is money produced?
In contemporary world money is produced by the states. Specifically, FED(Federal Reserve System) is the institution which simply decides, when or how much money is printed and got into circulation etc.
The place where the money is printed called mint.
The oldest mint in Istanbul is in Topkapı Palace.
Thank You For Listening!!
Pink Floyd - Money (Dark Side Of The Moon)