Money buys the things you need. But have you ever pondered the larger currency cycle and how your money influences that cycle? It’s an expansive and intricate process for sure. A dollar bill stays in circulation for just six years, yet it covers a lot of ground from its first day in circulation to its last. On average, a dollar bills journeys more than two miles per day and is touched by more than 55 people each year.
While physical money is easy to visualize and begins its life by first being minted or printed at facilities throughout the United States, envisioning the money used in digital transactions is more difficult. Money moves faster in the digital realm and offers more convenience than traditional methods. In the blink of an eye, digital money moves from businesses to consumers and back again. Each transaction also plays an important part in the overall economy. No wonder more people are turning to digital International Money Transfer methods instead of choosing more traditional methods of moving cash.
On your next payday, or the next time you buy a cup of coffee, pause and ponder the role you play in the larger currency cycle of saving, spending, lending, and borrowing. Take a peek at this infographic to learn more about how and where your money moves.
