Currency Issues - Final Fantasy Net

JET73L · #1 11-08-2006, 02:23 AM

Since the big to-do about the two-dollar bill has been mostly resolved, I've been hearing a lot about a plan to try and get rid of the cent coin, often reffered to as a penny. I think this would not be a very good thing to do, because as well as having to round everyhting to the nearest 5 cents, it would also make the base of our monetary system 1/20 of the next level up, rather than 1%. This may seem like an easy solution to reduce the specificity effect inflation has had on prices, but It's actually causing more complications by reducing base numbers to fractions, one of the problems standardizing Metric and the Euro dollar is trying to reduce. If you live in Europe, I know this wouldn't affect you much, but I would still like opinions from everyone who cares.

Ceberus721 · #2 11-28-2006, 03:19 AM

yeah but they are wasting a bunch of money making the pennies that we are wasting more money making them then they are worth.

JET73L · #3 12-02-2006, 03:23 AM

Last time I checked, a dollar cost something like $1.42 to make, but it was balanced oput by a 100 dollar bill costing the same. This isn't actually the issue, though, it's what you all think about the cent coin. Hadn't really thought about that aspect of it, though.

Ceberus721 · #4 12-12-2006, 02:55 AM

neither did i until it was brought up in social studies.[BORING]

Inuyashaboy93 · #5 12-15-2006, 01:59 PM

we sould get rid of the penny because noone uses it anymore

Ceberus721 · #6 12-15-2006, 05:26 PM

totally wit you

Inuyashaboy93 · #7 12-15-2006, 06:03 PM

thx and r u at school? also todays my birth day

Ceberus721 · #8 12-15-2006, 09:40 PM

no, i skipped school today. we can't check our email at school. and happy B-DAY!!!!

Inuyashaboy93 · #9 12-16-2006, 03:53 PM

thx and i skipped school yesterday too

Ceberus721 · #10 12-17-2006, 02:13 AM

Sweetness!