To prevent a shortage of small change, the U.S. Dept. of the Treasury recently prohibited the melting and exportation of pennies and other coins. The problem arises because pennies and nickels are made of inappropriately expensive material, and there is or soon will be a profit to be made from transferring their content to alternative uses. The author provides a historical context for the problem of small change and discusses possible remedies. Charts and tables.value measured in seconds of a workera#39;s time 20 14 16 18 12 10 2 3 4 5 6 7 8 9 10 20 30 gross domestic product per capita in ... In Australia and New Zealand, whose dollars are comparable in value to the U.S. dollar, one-cent coins were also made essentially of copper. ... So a penny isna#39;t worth much and the quantities produced are declining relative to GDP, but we still FIguRE 3 bill introduced inanbsp;...
|Title||:||Avoiding a Meltdown: Managing the Value of Small Change|
|Author||:||François R. Velde|
|Publisher||:||DIANE Publishing - 2008-10|