I used to think that "checks and balances" were some how related to balancing your check book. Actually, I believed this until 7th or 8th grade.
A childhood belief about money

others believed things like this
- I used to believe that all my aunts were related to my mother and all my uncles were related to my father.— Mandy
- I used to believe that as long as there were checks in the checkbook, there was money in the bank.— Michelle
- I used to believe that checks and credit cards allowed you to get anything you wanted with out paying for it. — Diamond
- I believed the book Babar was how my name was spelled.— Barbara
- I used to believe that people with the same first name were related.— Rebecca
- I used to think that all people with the same FIRST name were related.— Lisa