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Card money was first used in Dutch Guiana, now Suriname, in 1761. Issues could be on plain cards or playing cards, and were at first cut into circles approximately 38 millimetres (1.5 in) in diameter, resembling coins. Later card money was rectangular, in order to save on labor, although some issues continued to be round or even hexagonal.
Grade Grade code(s) Description [1] 1 Poor PO Note is mostly in one piece, but is a badly worn "rag". The note may have staining, pieces missing, graffiti, and/or larger holes present. The tape used to hold pieces of the note together and edge trimming may also be present. In this grade skilled restoration is often done to preserve rare issues.
In the late 20th century, payment cards such as credit cards and debit cards became the dominant mode of consumer payment in the First World. The Bankamericard , launched in 1958, became the first third-party credit card to acquire widespread use and to be accepted in shops and stores all over the United States, soon followed by Mastercard and ...
Legal tender, or narrow money (M0) is the cash created by a Central Bank by minting coins and printing banknotes. Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio. Currently, bank money is created as ...
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
The English word cash originally meant ' money box ', and later came to have a secondary meaning ' money '. This secondary usage became the sole meaning in the 18th century. The word cash comes from the Middle French caisse ' money box ', which comes from the Old Italian cassa, and ultimately from the Latin capsa ' box '. [1] [2]