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Coin money in every society allows consumers (buyers) to spend a fraction of a dollar (or whatever the base currency is in each country). This allows for a wide range of pricing of goods. As an example in the US, without a breakdown of the dollar, every item would have a base price of $1.00 (or multiples of 1).
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What was the fuction of the bank of the US?
The function of a bank is the same irrespective of where it operates. The main function of a bank is to play the role of a financial intermediary in the economy. They help keep the cash flow going in the economy by collecting deposits from people with surplus and granting loans with people who need funds. Without banks, the economy may come to a standstill within just a few days.
Did the roman coins influenced the United States to use the coins?
No. For one thing the Roman were not the only ancient people who issued coins. In fact when they introduced their coins, which was quite late, they copied the Greek's use of coinage. Moreover, coins have been used ever since by the many states of Europe. Having coins (and banknotes, since they were introduced) is part of the monetary economy. The US introduced coins because it had a monetary economy. The Americans were using coins before independence. They used British coins. When they became independent, it was only natural that they issued their own coins.
How does mass marketing help the US economy function?
It helps because it decreases the taxes on all profit.
What role does the government play in the US economy?
It defends the interests of the one percent, the capitalist class.
What does the us mint produce?
The US Mint produces circulating coins, commemorative coins, and bullion coins for the United States.
Which article of the us constitution grants the government power to play a role in the economy?
article 1
What role did the US economy play in this change of public support during the Vietnam war?
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Why is there no 1922 buffalo nickel?
Very few coins of any denomination were minted in 1922. The US economy went into a severe recession following WWI. The reduction in economic activity resulted in a steep drop in demand for coins.
Do Cayman coins work in the US?
No, Cayman coins do not work in the US.
Can You show us the picture of US Coins?
The best thing to do is click on images on you browser and type in US Coins, this will bring up pictures of US coins
What do you call the coins in US dollars?
coins
Are US retailers required by law to accept US coins in payment for goods?
No, retailers are allowed to accept whatever in payment for goods, be that US coins, Chinese Coins, gold and silver coins, or toothbrushes. A retailer can refuse to honor some or all US coins. However, since US coins are legal tender, a company cannot sue you for not paying a bill previously agreed upon in US dollars for paying in US coins. But at the point of purchase, a retailer can demand payment in whatever and can refuse US coins.
