Answers to Scavenger Hunt

 

1.  Because, in l943, copper was needed to make and run the communications equipment for the war,
      so pennies were made of steel.

2.  You must be deceased and you must have done something worthwhile for the United States.

3.  About 1/3 of the bills that they receive, cannot be placed back into circulation.

4.  The Italian word banco, is where the  word bank comes from.

5.  The U.S. Secret Service was established in l865.

6.  A numismatist is a person who collects and studies coins and paper money or medals.

7.  A leading American scientist named David Rittenhouse was the first director of the U.S. Mint.

8.  Paper money is printed on paper that is 75% cotton and 25% linen.

9.  The Federal Reserve is the central bank of the United States.   I distributes money for
      the U.S.Treasury Department.  It supplies money to all other banks, who distribute it to the
      public.

10. A depositor is someone who puts money into a bank.

11.  The U.S. Mint stopped making gold coins during the Great Depression in l933.

12.  The U.S. Secret Service continues to battle counterfeiting, but their main job today, is to protect
         the President of the United States and his family.  Some other jobs of the Secret Service are,
          preventing crimes related to currency, coins and stamps.  They also investigate computer fraud,
         and crimes relating to false identification.

13.  Interest is money that the bank pays you for depositing money into their bank, or money that
        you pay the bank for borrowing money from them. 

14.  Bartering is trading without using money.

15.  You can tell if a penny is copper by using a magnet.  If you can't pick it up
        with the magnet, it's copper.

16.  The United States issued continentals during the Revolutionary War.

17.  Greenbacks were made to help pay the cost of the Civil War.

18. A single national form of currency was adopted in the United States in 1862, to fix the problem
        with counterfeiting.

19.  Loans are the most important part of banking.  Loans help a bank grow.

20.  The U.S. Bureau of Engraving and Printing was established on August 29, l862.

 

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