Amy Farber, New York Fed Research Library
Everything seems to be anthropomorphized at one time or another—especially in advertising, where one needs to get a point across simply and memorably. So it’s not surprising that the idea has been used in financial education for children.
Here are a few examples from educational comic books distributed by the Federal Reserve Bank of New York in which both paper and coin money are anthropomorphized:
The Fed isn’t the only central bank producing comics in which anthropomorphized money plays a role. Here’s an educational comic book from the Reserve Bank of India, in which “Money Kumar” teaches children about monetary policy.
And now for adult financial education: The idea of an animated dollar (Mr. Dollar) was also used in a 1967 TV commercial in New Zealand as part of a large-scale advertising campaign when the government switched from a pound-based to a dollar-based (decimal) system. The Reserve Bank of New Zealand also issued a pamphlet called “Explaining New Zealand’s Currency,” in which Mr. Dollar makes a brief appearance. The pamphlet, in addition to providing a history of the currency accompanied by lovely photographs of historical money, includes a discussion of why the idea of a decimal currency was rejected in 1933 and 1957 and how, in 1967, the country achieved decimalization and decided to call the new unit “dollar.”
The views expressed in this post are those of the author and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the author.