Test Money
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Test Money
Test money (or test notes, test bills, funny money, Monopoly money) are a part of the test apparatus that are often used with currency handling equipment, such as automatic teller machines. While it is often desirable to use actual banknotes or coins in the process of testing currency handling equipment, the inherent value of the objects being used means that security procedures must be put in place during the testing period that they are used. If the testing includes destructive testing, where the currency is purposefully damaged or destroyed to see how the machinery will react, further concern will be raised about the subsequent loss in value of the objects. To remove these concerns, test money is often used in place of real currency. Test money may share some or all of the characteristics of a given currency (size, paper type, paper thickness, colouring, printing characteristics, various denominations), but it also has some form of easily identifiable, non-removable, non-muta ...
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Monopoly Money
Monopoly money is a type of play money used in the board game ''Monopoly''. It is different from most currencies, including the American currency or British currency upon which it is based, in that it is smaller, one-sided, and does not have different imagery for each denomination. It is not legal tender and has no monetary value in any jurisdictions. Format Many variations of ''Monopoly'' exist, with many types of money representing various currencies. In the more "standard" versions of the game, Monopoly money consists entirely of notes. Monopoly notes come in the following colors: * $1 - White * $2 - Yellow (available in Monopoly Junior) * $3 - Blue (available in Monopoly Junior) * $4 - Green (available in Monopoly Junior) * $5 - Pink * $10 - Yellow (classic) or blue (recent editions) * $20 - Green * $50 - Blue (classic) or purple (recent editions) * $100 - Red (early editions) or beige * $500 - Gold (classic) or orange (recent editions) * $1,000 (available only in Monopoly: ...
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Automatic Teller Machines
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ...
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Banknotes
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ...
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Coins
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest value ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Destructive Testing
In destructive testing (or destructive physical analysis, DPA) tests are carried out to the specimen's failure, in order to understand a specimen's performance or material behavior under different loads. These tests are generally much easier to carry out, yield more information, and are easier to interpret than nondestructive testing. Destructive testing is most suitable, and economic, for objects which will be mass-produced, as the cost of destroying a small number of specimens is negligible. It is usually not economical to do destructive testing where only one or very few items are to be produced (for example, in the case of a building). Analyzing and documenting the destructive failure mode is often accomplished using a high-speed camera recording continuously (movie-loop) until the failure is detected. Detecting the failure can be accomplished using a sound detector or stress gauge which produces a signal to trigger the high-speed camera. These high-speed cameras have advanced r ...
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Legal Tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. Some jurisdictions allow contract law to overrule the status of legal tender, allowing (for example) merchants to specify that they will not accept cash payments. Coins and banknotes are usually defined as legal tender in many countries, but personal cheques, credit cards, and similar non-cash methods of payment are usually not. Some jurisdictions may include a specific foreign currency as legal tender, at times as its exclusive legal tender or concurrently with its domestic currency. Some jurisdictions may forbid or restrict payment made by other than legal ...
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Scrip
A scrip (or ''chit'' in India) is any substitute for legal tender. It is often a form of credit. Scrips have been created and used for a variety of reasons, including exploitive payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip Company scrip was a credit against the accrued wages of employ ...
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Counterfeit
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value than the real thing. Counterfeit products are fakes or unauthorized replicas of the real product. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word ''counterfeit'' frequently describes both the forgeries of currency and documents as well as the imitations of items such as clothing, handbags, shoes, pharmaceuticals, automobile parts, unapproved aircraft parts (which have caused many accidents), watches, electronics and electronic parts, software, works of art, toys, and movies. Counterfeit products tend to have fake company logos and brands, which results in patent or trademark infringement in the case of goods. They also have a reputation for being lower quality, ...
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Notaphily
Notaphily is the study and collection of paper currency, and banknotes. A notaphilist is a collector of banknotes or paper money, particularly as a hobby. History It is believed that people have been collecting paper money for as long as it has been in use. While people began collecting paper currency more systematically in the 1940s, the turning point occurred in the 1970s when notaphily was established as a separate area by collectors. The term was coined in 1970 by Robert Stanley, a linguist then employed as Public Relations Manager of the collectors and investments firm Stanley Gibbons, in a successful attempt to formalise and encourage interest in the area. The term 'philanoty' had been considered, but 'notaphily' was preferred because of its assonance with the familiar 'philately'. At the same time, some developed countries such as the United States, Germany and France began publishing their respective national catalogues of paper money, which represented major points of ...
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Doctor Who
''Doctor Who'' is a British science fiction television series broadcast by the BBC since 1963. The series depicts the adventures of a Time Lord called the Doctor, an extraterrestrial being who appears to be human. The Doctor explores the universe in a time-travelling space ship called the TARDIS. The TARDIS exterior appears as a blue British police box, which was a common sight in Britain in 1963 when the series first aired. With various companions, the Doctor combats foes, works to save civilisations, and helps people in need. Beginning with William Hartnell, thirteen actors have headlined the series as the Doctor; in 2017, Jodie Whittaker became the first woman to officially play the role on television. The transition from one actor to another is written into the plot of the series with the concept of regeneration into a new incarnation, a plot device in which a Time Lord "transforms" into a new body when the current one is too badly harmed to heal normally. Each acto ...
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