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March 22, 2019

Losing 6 Million Dollars In Less Than 5 Minutes

Dollar is the name of several currencies, including those of Australia, Belize, Brunei, Canada, Hong Kong, Namibia, New Zealand, Singapore, Taiwan, the United States, and previously Zimbabwe. The U.S. dollar is the official currency of East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshall Islands, Palau, the Caribbean Netherlands, and for banknotes, Panama. Generally, one dollar is divided into one hundred cents.

On 15 January 1520, the kingdom of Bohemia began minting coins from silver mined locally in Joachimsthal. The coins were called “Joachimsthaler,” which became shortened in common usage to thaler or taler. The German name Joachimsthal literally means Joachim’s valley or Joachim’s dale. This name found its way into other languages: Czech tolar, Hungarian tallér,Danish and Norwegian (rigs) daler, Swedish (riks) daler, Icelandic dalur,Dutch (rijks)daalder or daler, Ethiopian ታላሪ (“talari”), Italian tallero, Polishtalar, Persian Dare, as well as – via Dutch – into English as dollar.

A later Dutch coin depicting a lion was called the leeuwendaler or leeuwendaalder, literally ‘lion daler’. The Dutch Republic produced these coins to accommodate its booming international trade. The leeuwendaler circulated throughout the Middle East and was imitated in several German and Italian cities. This coin was also popular in theDutch East Indies and in the Dutch New Netherland Colony (New York).

It was in circulation throughout the Thirteen Colonies during the 17th and early 18th centuries and was popularly known as lion (or lyon) dollar. The modern American-English pronunciation of dollar is still remarkably close to the 17th century Dutch pronunciation of daler. Some well-worn examples circulating in the Colonies were known as “dog dollars”.

Some Of The Most Beautiful Money Faces

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: amedium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can serve as money.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use valueas a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for “all debts, public and private”.
The money supply of a country consists of currency (banknotes and coins) and bank money(the balance held in checking accounts and savings accounts). Bank money usually forms by far the largest part of the money supply.
The use of barter-like methods may date back to at least 100,000 years ago, though there is no evidence of a society or economy that relied primarily on barter. Instead, non-monetary societies operated largely along the principles of gift economics. When barter did occur, it was usually between either complete strangers or potential enemies.

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