Their result for The Money Test ...
1.The $2.00 bill was dicontinued in 1972 #1.The correct answer is false. While rarely used (and even considered unlucky by some) the $2 bill is still in circulation today. Over 121 million new $2 bills were printed in 2004.
2) A large percentage of U.S. paper currency is contaminated with traces of cocaine.
The correct answer is true. You thought this was just an urban legend, didn't you? In fact, a study conducted by the National Institutes of Health found that 79 percent of the currency tested bore minute traces of cocaine.
This does not imply that the majority of our currency has been directly handled by drug dealers or users, however. Cocaine is a very fine powder that is easily transferred from one bill to another, and can spread through ATMs and money-counting machines.
3) Some Wisconsin state quarters contain a printing error that increases their value.True. There are actually two "flawed" variations of the Wisconsin state quarter that were minted in late 2004. Both involve an extra piece of husk or leaf on an ear of corn featured on the back of the quarter one shows the leaf pointing up, while on the other it curves down.
4) A penny placed on a train track can derail a train.False. Before the advent of those souvenir penny-flattening contraptions at tourist attractions, folks used to flatten their pennies the old-fashioned way by leaving them on a train track. Although there have been no documented cases of a train being derailed by a penny on the tracks, several people have been flattened themselves while trying to flatten a penny.
5) A penny left in a glass of Coke overnight will dissolve.False. Coca-Cola is rumored to have many unusual properties, but it cannot dissolve a penny, a tooth, a nail or even a housefly overnight. Given enough time, the acids in Coke can cause some things to dissolve or break down, but the same can be said of orange juice or any other acidic liquid.
6) Canada's one-dollar coin features an image of a loon because the original dies, featuring a different design, were lost in transit.True. In 1987, Canada decided to discontinue use of their paper one-dollar note and convert to a dollar coin. Unfortunately, the master dies for the original silver dollar coin, featuring two men in a canoe, were lost in transit between Ottawa and Winnipeg. Fearing they had fallen into the hands of counterfeiters, the Royal Canadian Mint decided to redesign the coin using an alternate design featuring a loon, an aquatic bird.
The new gold-colored coins were dubbed "loonies" by Canadians, and piggy banks became known as "loonie bins."
7) Sucking on a penny or putting it under your tongue will help you pass a breathalyzer test if you've been drinking.False. Whoever came up with this idea either had a very weak grasp of science or was playing a joke on someone. There is no truth to the rumor that the copper in a penny will somehow affect the results of a breathalyzer test.
8) A penny dropped from the top of the Empire State Building could kill someone on the ground below. False. The Empire State Building is 1,250 feet tall, and a penny dropped from that height would hit the ground at a rate of 280 feet per second. Taking into account the shape of a penny and the likely wind resistance it would encounter on its way down, it's unlikely a penny would even break the skin of a hapless passerby on the ground.
9) In 2001, a bill was introduced in Congress that would discontinue use of the penny. True. In 2001, Rep. Jim Kolbe, R-Ariz., proposed the Legal Tender Modernization Act, which would round any cash sale up or down to the nearest nickel, effectively rendering the penny obsolete. Like two similar anti-penny bills introduced in 1990 and 1996, Kolbe's bill died in Congress.
10) The car pictured on the back of the $10 bill is a Model T Ford.False. The U.S. government is prohibited from endorsing specific products, and depicting a particular model of automobile on U.S. currency would violate that restriction. The car was a creation of the designer, who intended it to represent the style of automobile popular at the time the $10 bill was designed, which was 1927.
11) The average life span of a $5 bill is two years.True. According to the Federal Reserve System, the average life span of various denominations is as follows:
$ 1 21 months
$ 5 two years
$ 10 two years
$ 20 22 months
$ 50 four and a half years
$100 five years
12) The new security strip embedded in U.S. currency enables the government to track it. They can even tell how much money you have in your wallet when you go through airport security. False. The strip is made of polyester, and, according to the Bureau of Engraving and Printing, is one of several security features designed to foil counterfeiters. It was not designed to monitor large amounts of cash being transported by drug dealers or smugglers, and the U.S. government does not have special scanners or satellites that can track or count the money in your wallet.
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