By - Money MaTTERS

Top 10 Little-Known Fun Facts About Finance

Introduction

Welcome to a journey through the fascinating world of finance! Explore 10 of the most interesting and little-known facts about money, banks, and market

The First Known Currency

King Alyattes of Lydia created the first known currency in 600 BCE.

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Image by Coinweek

The Origin of the Word "Bank

The word 'bank' originates from the Italian word 'banca,' which means 'bench.

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The First Stock Exchange

The first stock exchange was founded in Antwerp, Belgium, in 1531

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Image by the Brussels Times

The Concept of Insurance

Compare the standard deduction with itemized deductions to choose the best option

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Image by Sci.newss

The First Paper Money

The first paper money was invented in China during the Tang Dynasty (618-907 CE)

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Image by Wikipedia

The Dow Jones Industrial Average

Charles Dow created the Dow Jones Industrial Average in 1896

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Image by ResearchGate

Origins of the Words "Bear Market" and "Bull Market

The terms 'bear market' and 'bull market' come from the attacking styles of bears (swipe downward) and bulls (thrust upward)

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Image by Rawpixel.com on Freepik

The World's Largest Gold Bar

The world's largest gold bar weighs 551 pounds (250 kg) and is held at the Toi Gold Museum in Japan

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Image by ABS-CBN News

The U.S. Penny's Cost of Production

The U.S. penny costs more to produce than it's worth (about 1.99 cents in 2019).

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Image by  Wikipedia

Zimbabwe's Hyperinflation

Zimbabwe's hyperinflation reached an annual rate of 89.7 sextillion percent in November 2008

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Image by  CNN

Conclusion

We hope you enjoyed these top 10 fun facts about finance! Keep exploring and uncover more hidden stories about the fascinating world of money and market

Image by Flaticon