Money Facts and Trivia: How Much Do You Know? | Reader's Digest

Money Facts and Trivia: How Much Do You Know?

Are you current on our currency? Test yourself below.

By Beth Dreher
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    True or False?

    Benjamin Franklin added "In God We Trust," to U.S. currency.

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    False.

    The motto, tweaked from the original "In God is our Trust," first appeared on the two-cent coin in 1864. A year later, an act of Congress declared that the motto should be placed on all gold and silver coins. "In God We Trust," showed up on paper money in 1957, when it was printed on the one-dollar silver certificate.

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    Guess:

    Which bill has the shortest life span?

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    The $50 bill has the shortest lifespan.

    According to the Federal Reserve Bank, the average lifespan of a $50 bill is 3.7 years. Next in line is the $10 bill at 4.2 years, followed by the $5 at 4.9 years. 

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    True or False?

    There are $500 bills in circulation in the U.S.

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    False.

    The $100 bill has been the largest denomination of currency in circulation since 1969.  

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    Guess:

    How many times can you fold a bill back and forth before it tears?

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    Answer: 4,000 times.

    Can you say task for a Federal Reserve Bank intern?

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    True or false?

    Paper money is actually made from paper.

    Hemera/Thinkstock

    False.

    Currency is 3/4 cotton and 1/4 linen. It also has small red and blue synthetic fibers woven throughout the bill.

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    True or false?

    The most valuable piece of currency ever produced in the U.S. was worth $100,000.

    iStock/Thinkstock

    True.

    Printed in 1934, $100,000 Gold Certificates bearing a portrait of Woodrow Wilson were used, but only for official transactions between Federal Reserve Banks.

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    Your Comments

    • Waymon

      Interesting facts. I didn’t know a lot of these fact. Good stuff!