Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Feb 20, 2015

Send Money in Gmail

If you are in the US or UK, you can exchange money with friends and family quickly and safely using Google Wallet. You can also do this directly from Gmail.

If it is your first time sending, receiving, or requesting money, you may need to verify your identity. Once you verify your identity, any money someone sends to you will automatically go into your Wallet Balance.

Receiving money, and transferring it to your bank account, is always free no matter which payment source the sender uses.
Sending money is also free using a bank account or debit card, but has a 2.9% fee if you use a credit card. Most transactions are completed within 2 business days or less.

Dec 7, 2013

Getting Off Scot Free

Many think these words have some vague reference to Scottish people. It actually does not. In the thirteenth century, scot was the word for money you would pay at a tavern for food and drinks. It was also used when they passed the hat to pay an entertainer.

Later, it came to mean a local tax that paid the sheriff’s expenses. To go scot-free literally meant to be exempted from paying this tax.

Sep 27, 2011

Feb 5, 2011

Money Fact

If we spent a dollar a second, it would take more than 31,000 years to spend a trillion dollars. A trillion $10 bills, if they were taped end to end, would wrap around the globe more than 380 times. In 2010, the U.S. government issued almost as much new debt as the rest of the governments of the world combined. The latest budget anticipates $5.08 trillion in deficits over the next 5 years.

Jan 14, 2011

Cost of Money

As of 2009, it costs the government 1.62 cents to produce a copper plated zinc penny (up from .008 cents in 2001), 6.03 cents to produce a nickel, 5.65 cents to produce a dime, 11.31 cents to produce a quarter, 30.4 cents to make the 'gold' (manganese/brass)dollar, and 6.4 cents to make a dollar bill.

In 2008 a bill was introduced known as the Coin Modernization and Taxpayer Savings Act of 2008. This bill had proposed changing the composition of the cent to steel, although it would be treated to impart a copper color. The bill would have also provided the Secretary of the Treasury with authority to change the metallic content of the five cent coin. This bill was passed in the House, but never voted on in the Senate.

The 2011 Budget revives the issue and expands the scope to include the dime, quarter, and half dollar, in addition to the penny and nickel. The Department of the Treasury will have authorization to approve alternative weights and compositions for any of these five denominations. It hasn't passed yet, but a penny saved. . .

Sep 23, 2009

Dollar Coins

Did you ever wonder who the heck Sacagawea (sacka ja we a) was and what her babie's name was. The Shoshone woman, Sacagawea, a member of the Lewis and Clark Expedition, is shown on the coin carrying her son Jean Baptiste Charbonneau, who was later nicknamed Pomp. She was a slave girl, given to Toussaint Charbonneau, a French trader born in Montreal. She was six months pregnant when she joined the expedition.

The new 2009 Sacagawea dollar, along with the Presidential Dollar series, is one of the two current United States dollar coins.

The coins are made from pure copper with a manganese brass outer clad. Unlike most other coins in circulation, the outer alloy has a tendency to tarnish quite severely in circulation, resulting in a loss of the golden patina. The Mint suggests the uneven tarnishing effect gives the the coins an antique finish that accentuates the profile and adds depth to the depiction of Sacagawea and her child.

Four designs will be minted, each for one year from 2009 to 2012. The first Native American series coin was released in January 2009 and has a reverse that depicts a Native American woman sowing seeds of the Three Sisters, symbolizing the Indian tribes' contributions to agriculture. Like the Presidential Dollar, the year of issue, mint mark, and motto E Pluribus Unum have been moved to the edge of the coin to allow more room for the design.

Unlike the Presidential $1 coins from before 2009, "In God We Trust" will remain on the front and the vacant space on the edge lettering will be taken up by thirteen stars, symbolizing the Thirteen Colonies.

The chief stumbling-block to the success of the golden dollar is the continued presence of the $1 bill. The lesson demonstrated by the Susan B. Anthony, experience, and learned by all countries that have introduced a high-denomination coin since 1979, is that the equivalent paper note must be removed from circulation. The only country not to learn that lesson is the United States

Although the Sacagawea dollar is not widespread in the United States, it is very popular in Ecuador and other foreign countries that have made the US dollar their currency. An estimated 500 million coins, approximately half of those minted, are used in Ecuador, El Salvador, and other Latin American countries