Number of words – 167<\/p>\n\n\n\n
Fewer than half of the American college students who were given this set of drawings and asked to select the correct image could do so. Pretty bad performance, except that the students, of course, have no difficulty using the money. In normal life, we have to distinguish between the penny and other coins, not among several versions of one denomination. Although this is an old study using American coins, the results still hold true today using coins of any currency.<\/p>\n\n\n\n
Whenever knowledge needed to do a task is readily available in the world, the need for us to learn it diminishes. For example, we lack knowledge about common coins, even though we recognize them just fine. In knowing what our currency looks like, we don\u2019t need to know all the details, simply sufficient knowledge to distinguish one value of currency from another. Only a small minority of people must know enough to distinguish counterfeit from legitimate money.<\/p>\n\n\n\n