How high is a stack of 1 trillion dollar bills?
The present US currency measures 2.61 inches wide by 6.14 inches long, and the thickness is .0043 inches.
1 trillion is 1,000,000,000,000. (at least in the US, a British trillion is sometimes 1,000,000,000,000,000,000 one million times larger then the US trillion.
That is why it is a good idea to use scientific notation: 1 US trillion = 1*1012. 1 British trillion = 1*1018. A hell of a difference).
So, a stack of 1 trillion dollar bills would be:
1,000,000,000,000 x .0043 inches = 4,300,000,000 inches.
4,300,000,000 inches = 358,333,333.333333 feet
358,333,333.333333 feet = 67,866.1616 miles
Say 68 thousand miles to be approximate
The equator is about 24,900 miles in circumference.
This means that at the equator the stacked bills (now lying on their edges) would circle the earth about 2.73 times.
The bills side by side would cover almost 4000 square miles, an area larger than the state of Delaware
1 trillion is 1,000,000,000,000. (at least in the US, a British trillion is sometimes 1,000,000,000,000,000,000 one million times larger then the US trillion.
That is why it is a good idea to use scientific notation: 1 US trillion = 1*1012. 1 British trillion = 1*1018. A hell of a difference).
So, a stack of 1 trillion dollar bills would be:
1,000,000,000,000 x .0043 inches = 4,300,000,000 inches.
4,300,000,000 inches = 358,333,333.333333 feet
358,333,333.333333 feet = 67,866.1616 miles
Say 68 thousand miles to be approximate
The equator is about 24,900 miles in circumference.
This means that at the equator the stacked bills (now lying on their edges) would circle the earth about 2.73 times.
The bills side by side would cover almost 4000 square miles, an area larger than the state of Delaware
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How high is a stack of 10 trillion dollar bills?
Working with a US 10 trillion (1 trillion =1000 billion, 1 billion = 1000 million) and an average dollar bill width of 0.0043in, you would actually have a stack which is… 678,661.6 miles high. To put this in perspective, you would have 3 stacks, each of which just about reaching the moon. To make things even more interesting, you've also got the old UK way, which would be (1 trillion = 1 million million million). In this case you would have a stack 678,661,616,100 miles high, or 0.115454 light years. To put this into perspective, you would have long passed Pluto (more than 100 times past), WAY passed the kuiper belt, and be maybe 1/12th of the way towards the Oort cloud - with dollar notes... (MORE)
Answered
What is 1 percent of 1 trillion dollars?
1,000,000,000,000 = 1 trillion 10,000,000,000 = 1% of 1 trillion (1 trillion divided by 100) = 10 BILLION.
Answered
How much money would a mile high stack of dollar bills contain?
Answer 1 dollar bill is .00011m thick or .011cm 1 mile = 5280ft (x12 in/ft) = 63360in (x2.54cm/in) = 160934.4cm 160943.4cm / .011cm = 14630400 $14,…630,400 (MORE)
In Finance
A Brief History of the Canadian Dollar Bill
An understanding of the history of Canadian money provides a perspective from which to see the growth and expansion of the use of the Canadian dollar bill. From the pre-coloni…al days to the time of the British Empire, Canada has a rich tapestry of finance and commerce. There was a certain amount of chaos that ensued because of the American Revolution because of Canada's proximity to the war and it caused disruption in the value of the British coin that was used in both. However, over the last 150 years, the Canadian dollar has come into its own and is the seventh most traded currency in the world.The Aboriginal or First Nations people of Canada placed high value on strings and belts fashioned from beads of white or purple shells found on the eastern seaboard. This commodity was valued partly because of the difficulty in making these shell beads. These belts or strings were used as currency among tribes, especially the Iroquois Confederacy of tribes. While the beads had monetary value, they also had symbolic value. They helped convey messages of peace and were exchanged at gatherings and funerals. On the 2004 Canadian $20 note, these types of currency are displayed as a medium of exchange.Until the middle of the 19th century, each British colony in North America had a different system of using currency. Even though the British system of pounds, shillings, and pence were used for bookkeeping purposes, each colony decided on a rating or value of the coins that were used within the borders. British coins were not the only ones used. French, Portuguese, American, and those from Latin America were in common use. They were rated by the amount of gold or silver present in the coin. As early as 1690, paper money was used in experiments to extend lines of credit. While mostly used in wartime, it became a relatively common practice as time went on.On August 1, 1854, the British Currency Act placed Canada and the rest of the Empire on the gold standard. This greatly complicated finance in Canada because of its proximity to its southern neighbor. The dollar was based on a decimal system and the pound was based on pounds, shillings, and pence. The Canadian dollar came into being at this time as a compromise between the English and American systems. The cross border flow of gold back and forth from Canada to the U.S. caused the Canadian dollar to fluctuate in relation to the value of the American dollar. With the beginning of World War I, Canada and the rest of the British Empire went off the gold standard for a time and gold could no longer be converted for cash.The Great Depression brought massive disruption to Canadian businesses. There was widespread distrust of the banking system because the cost of credit was high and the availability was low. The Bank of Canada was created in 1935 in order to alleviate and soften the impact of the depression and the bank failures that attended it. For the first time, Canada issued its own banknotes that were not dependent on United Kingdom resources. Also in 1935, the Exchange Fund Act was passed to provide "a fund that could be used to aid in the control and protection of the external value of the Canadian monetary unit." The currency began trading and surprisingly maintained its value for several decades.Rising domestic inflation led to the start of the Prices and Income Commission in 1968 and a more restrictive monetary policy. Interest rates put pressure on the Canadian dollar and inflationary concerns led to action by the Canadian government to adjust speculative inflows of cash into the country. In 1970, Canada stopped purchasing American dollars in order to keep the exchange rate more stable. This didn't work very well and the end result was that the Canadian dollar was consistently devalued until it was worth just 70 percent of the American dollar. This has only been overcome in the past decade.The history of Canada's dollar bill provides a good conduit through which to see the rich history of finance and business of the country. In this way, the clash of empires in the 18th century and the impact that the American Revolution had on its northern neighbor can be seen. Also, the ingenuity of the Canadian people is revealed. When it became obvious that the monetary system of the British wasn't working, they simply created one that did.Rising domestic inflation led to the start of the Prices and Income Commission in 1968 and a more restrictive monetary policy. Interest rates put pressure on the Canadian dollar and inflationary concerns led to action by the Canadian government to adjust speculative inflows of cash into the country. In 1970, Canada stopped purchasing American dollars in order to keep the exchange rate more stable. (MORE)
In Finance
The Buying Power of Billions and Trillions
With the immense globalized economy that we live in today, it has become inevitable that immensely vast numbers such as billions and trillions are thrown around as if they wer…e nothing. Whereas just a handful of decades ago the idea of one trillion of any currency as a viable unit of measuring wealth would have been inconceivable, nowadays, it is commonplace. This article will explore what billions and trillions represented in the world of economics and financing. It will also describe what could be done with that sort of buying power.Before the place values billion and trillion can be assessed in terms of buying power, they must first be defined from a mathematical viewpoint. 1 billion is 1,000 million; it is the place value that comes three zeros after the million place value. The total number of trailing zeros following 1 billion is nine. The trillion is 1 thousand of that still, for a total of a staggering 12 zeros. Thus, there are millions, then billions, then trillions in terms of place value. Written out in linear form, a billion is 1,000,000,000, whereas a trillion is 1,000,000,000,000.The problem with billions and trillions is that they get thrown around so commonly nowadays that many individuals have lost all sense for how much this actually amounts to in terms of currency. For example, not many individuals are capable of conceiving what the buying of $1 billion actually is. So it comes as no surprise that values that are given in trillions are more inconceivable still. For example, when it is stated that the total value of student loans amounts to roughly $1 trillion, or that a war costs around $13 trillion, the sheer immensity of these numbers makes people become unable to relate to them.Unfortunately, there is no general rule of thumb for what the buying power of 1 billion or $1 trillion amounts to. It would even be inaccurate to say that $1 trillion has the buying power of one thousand billion dollars, seeing as to how things seldom scale this nicely. Thus, the only way to truly measure the relative buying power of billions and trillions is to measure them against one another. For example, if there are several things that you can get a handle on that cost $1 billion, then gives you the highest chance of assessing what these $1 billion are worth.Besides the idea of non-scalability that is addressed in the above article, there are several other things that also need to be taken into account when you want to gain a mental handle on what 1 billion or 1 trillion amounts to. For example, it is important to note that the overall availability of a certain commodity is what determines what 1 billion or 1 trillion's buying power is relative to this commodity. This can be considered a scaled up version of the law of supply and demand. An additional factor to take into consideration is whether the 1 billion or 1 trillion currency units were spent. At these astronomical scales, even the slightest inflation rates can have a profound impact on the overall buying power of this lump sum of money.The notion of billions and trillions in financing an economy can be somewhat difficult to grasp. There are several factors that contribute to this detachment, such as the fact that billions and trillions are simply so large. The fact that they are used so frequently that the overall meaning of these individual unit has ceased to exist more or less also contributes to this situation. The important thing to consider when finding the amount of money that 1 billion or 1 trillion of any currency amounts to is the amount of various commodities that this unit is capable of buying, as well as when this unit is being used.There are units that are bigger still when it comes to currency denominations such as the quadrillion. The quadrillion is rarely ever used because the total amount of money in the world amounts to just shy of one quadrillion dollars according to the Federal Reserve. (MORE)
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Numbers That Come after Trillion
Math can be a tricky subject for many people. Some find it almost impossible to work with numbers, especially the rather large ones. In fact, a lot of math problems in high sc…hool and college don't have answers past one million, much less ones past trillion. However, there are many numbers after trillion that you should be familiar with.Quadrillion is the number directly after trillion. It contains five groups of three numbers. It has a total of 16 numbers in it. It's sometimes referred to as a thousand trillion. Although that can be a mouthful so it's commonly just called quadrillion. If written in scientific notation, it would be read as 1 to the 15th power.Quintillion is next on the list of large numbers. Words that begin with "quin" often represent the number five, however this is only the second number after trillion and the fourth after the millions. This number has six groups of three numbers. It contains 19 numbers total. When written in scientific notation, it would read as 1 to the 18th power. This number is only one of four numbers that begins with 'Q' after trillion.Sextillion is a number you don't often hear about, whether you're in high school, college, or a graduate. It contains seven groups of three numbers. It has a total of 22 numbers in it. When used in school, it's written in the scientific notation as 1 to the 21st power. It's also called a million quintillion.Words that begin with "sep" often represent the number seven. However, in America, septillion has eight groups of numbers and 25 digits total. In shortened form, it's read as 1 to the 24th power or it can be read as 10 to the 23rd power. The number changes depending on the country. For example, in Britain, septillion is much larger and is read as 10 to the 42nd power.Like "sep", words that begin with "oct" often represent the number eight. This can be remembered easily when you think about an octopus or octagon. There are nine groups of three numbers in an octillion. There are a total of 28 digits contained within this large number. In shortened form, it would read 1 to the 27th power or 10 to the 26th power. It's also sometimes referred to as a thousand quadrillion.The numbers listed here are so large, they're rarely used in school and homework. It can be confusing as well as difficult to work with numbers this large. However, if you're majoring in math or engineering, you may see some of these larger numbers. A lot of professors will have you write the number in scientific notation rather than writing out all the zeros. Although writing numbers in scientific notation can be difficult at first, once you get the hang of it, you'll find it rather easy.One of the biggest numbers that people rarely use is googol. Not to be confused with the popular search engine, googol is the number one followed by 100 zeros. The number is still not as big as a number followed by the infinity sign because infinity goes on forever. (MORE)
Strong Dollar or Weak Dollar: Which Is Better for Companies and Consumers?
One of the more complex areas of economics involves the relative value of one currency to another. In an age of freely traded currencies, valuations can fluctuate dramatically… causing gain for some and pain for others. (MORE)
Tips for Buying Morgan Silver Dollars
Coin collectors, or numismatists, are well-versed in coins and dollars that are in the collectibles category. However, even the most educated collector may need advice on how …to buy Morgan silver dollars, particularly when there are many counterfeits and copies on the market. Others may want to know how to buy these beautiful silver coins so that they can invest in the silver market with the coins. These are not pure silver coins and not considered rare by collectors; however, they are beautiful and prized by many collectors.The Morgan silver dollar was minted from 1878 through 1904 at five different mints. There were more than 300 million coins minted. The coin is named after its designer, George T. Morgan. The coins were minted first in San Francisco and Carson City. In 1879, the New Orleans mint produced collectible Morgan dollars. In looking at the history of the Morgan dollar and determining where it was minted, one needs to look for the mint mark below the wreath on the reverse of the coin.Collectors know the intrinsic value of the Morgan dollar is in its history, its cost, and its future value. Collectors buy these coins for many reasons, including: *Affordability: Except for the rare, high-grade coins, Morgan dollars are very affordable for the collector. *Historical: Each minting of the coin is connected to history. For example, the 1921 coin is the last mint and was actually minted using silver created from the Pittman Act. *Inherent Value: The value of the coin will never go below one dollar. It is a form of currency and easily exchanged on the market for goods, just like the one dollar bill. There are many other reasons collectors choose the Morgan dollar. This coin is available in large quantities and is an investment for many people who collect silver.A common ploy to attract buyers to coins is to advertise the coin as being uncirculated. However, in the case of the Morgan Dollars, there were more than a billion coins that were uncirculated. Despite the fact that half of these were melted, the coins that are in the collectors' world are for the most part uncirculated. This makes it very important to buy only the highest grades of this coin. Any with a low grade, an AU-50 or lower, should be considered only a source of silver, not a collectible coin.The magic year is 1895. This is the year that collectors want to own when it comes to the Morgan silver dollar. This coin is known in the collector's world as the "King of the Morgan." The value comes from the mystery of the coin. There were 12,000 of these coins minted for circulation and 880 proofs struck. However, less than 100 of these coins are said to exist today, in unknown locations. There are several theories. Some believe the mint made a mistake in noting how many were minted. Others believe the coins are lost at sea, a true buried treasure. Others believe that the coins were melted down for silver. The value of these coins, if ever located, is astronomical. For example, a proof sample with a PF-68 grade is valued at more than $120,000.In 1972, the General Services Administration auctioned off via mail close to 3 million Morgan Dollars that were left in the Treasury. These were Carson City mints that the public did not know about. This release helped spur public interest in the coin once again.Then, in 1975, the real treasure was found and public interest skyrocketed. More than 400,000 beautiful Morgan Dollars were found in the basement of LaVere Redfield, a Las Vegas miser. Collectors' interest in the coins was once again peaked.Morgan Silver Dollars may not be the rarest coins in the collector world, but you still need to know how to buy them if you are considering collecting them. The silver content is 90 percent, which is good if you are collecting for the silver value, although there are coins that are pure silver. If you are going to buy Morgans, you should make sure you buy those that have a high grade and the most value.If you are serious about coin collecting, you need to buy books about or look up coin grading. It doesn't matter if a coin has a grade of PF-68 if you don't know what that means. There are many different grades of coins, more than can be presented in one paragraph. Check websites and the library for coin grading and learn how to spot the best of the best. (MORE)
Building a Dry Stack Retaining Wall
Building a dry stack retaining wall can be fairly difficult if you already have a landscaping design that you do not want to interrupt. There may be instances where you will h…ave to choose which designs, plants or areas you want to keep in order to build the retaining wall. However, there are some ways to work around it as well. Using landscaping books as a reference can be a help when building a dry stack retaining wall.The materials that are used to build a dry stack retaining wall, include stones or bricks. In some cases, rocks can even be used, but these rocks will have to be extremely flat and stackable. Bricks are the best option, but you want to make sure that the ground is level under them so they do not collapse. Stones, if all the same size and shape, are acceptable as well.You want to go with a design that can flow around your whole yard. This may be a circle around your yard, or a flat wall up against the edge of your property. Either way, you want to do something that allows the retaining wall to serve it's purpose, while not breaking into your already existing landscape design. You can do this by pushing the retaining wall back a few feet, behind your pre-existing landscape designs. Refer to landscaping books that highlight retaining walls for inspiration on ideas and how to incorporate the wall into your landscape.The first thing you want to do is determine the specific design you want to use. Draw it out if necessary, and if you are dead-set on not moving your current landscaping, make sure you include that in the drawing. If it is not going to be possible to work around your current landscaping design, then you may need to move and transplant it to another area in your yard.The wall can be maintained by ensuring the it is even and centered. You do not want the wall to be leaning. The one thing about a dry stack retaining wall is that no concrete is used to hold the rocks, stones or bricks together. This can make things difficult when it comes to making sure that the wall is properly set up and stable. Keep foliage trimmed from around the retaining wall to ensure no weeds or vines creep into the wall, which could cause damage.The plants that you can use around the retaining wall will depend on your specific environment. If you have a more dry environment, you want to use plants that do well in your area. The plants you decide to go with will depend more on your environment than the retaining wall. You should avoid plants that are known to be invasive, especially if you are worried about them compromising the structure of the retaining wall.How big you want the wall depends on how much of an area you want to cover, and how tall or wide it needs to be in order to serve its purpose. Most walls are long, and not too terribly tall. A good example of this would be 40 feet long, and about 2.5 feet tall. Determine the size of your wall by examining the area you plan on placing the wall.Building a dry stack retaining wall is more hard work than anything else. Lifting the stones or rocks can be fairly difficult, but the planning is going to be the hardest part, especially if you have a current landscape design that you do not want to disrupt. Using landscaping books can be important for those that do not have a lot of knowledge in this area.Retaining walls come in all shapes and sizes. A lot of dams to hold water are built with just rocks. However, there are other materials involved, such as drains, and netting, which would not be extremely necessary for a regular dry stack retaining wall in a backyard. (MORE)
Answered
What can you buy with 1 trillion dollars?
At a starting price of $15,450, one could buy 64,724,919 Toyota Corollas in 2010 with $1 trillion. At an average price of $275,000, one could buy 3,636,363 homes in Southern… California. At a cost of $500,000,000 per launch, one could buy 2000 trips on the space shuttle. At a total program cost in 2008 inflated dollars of around $145 billion, and 11 manned missions creating an average per mission cost of $1,318,818,818, one could go to the moon and back in an Apollo rocket 758 times. At a cost of ~$700 billion, one could bail out the US economy using the TARP...Once. (MORE)
Answered
How high is one million dollars in one dollar bills If the stack of 100 one dollar bills is one inch?
First we need to see how many stacks of $100 dollar bills go in $1 million. So $1000000/100 = 10000 stacks. If each stack is 1 inch then the pile will be 10000 inches high. S…ince 1 foot = 12 inches this will be 833.3 feet high (1 decimal place) (MORE)
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In Science
What is 1 percent of a trillion dollars?
1 percent of a trillion dollars = = $10000000000 1% of $1000000000000 = 1% * $1000000000000 = 0.01 * $1000000000000 = $10000000000