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What has the author Ahmad Jafari-Samimi written?
Ahmad Jafari-Samimi has written: 'Relationship between inflation and seigniorage in developing countries'
If a quarter only has 2 cents worth of copper in it who got your other 23 cents?
The quarter represents twenty-five cents, it has nothing to do with the cost to make the coin. The difference has the fancy name seigniorage. The government quite literally "makes money when it makes money", because they keep the difference as good old-fashioned profit. But before anyone gets upset, the amount of seigniorage on coins is far less than most parts of the federal budget. Think of it as a painless tax that makes a tiny little dent in the deficit.
How does the us mint make money on the production and issue of coins?
The U.S. Mint makes money because of seigniorage. Which is the profit that is the difference between the value of the metals along with other costs of production and the monetary value of the coins. Example: The U.S. Mint can produce a quarter for less than 25 cents and then "sell" the quarter at its face value.
What has the author Rafael Repullo written?
Rafael Repullo has written: 'Some remarks on Leland's model of insider trading' 'Implementation by direct mechanisms under incomplete information' 'Financing budget deficits by seigniorage andimplicit taxation' -- subject(s): Budget deficits, Budgetdeficits, Economic policy, Mathematical models 'Implementation in dominant strategies under complete and incomplete information'
Does the one dollar gold coin still work in Washington?
The "gold dollar" $1 coin (which is brass and has no gold) was designed with the same electronic signature as the older Susan B. Anthony cupronickel (clad) coins. All machines (drinks, snacks, toll booths) that accepted either coin should still work for any of them. The US Mint still has many of the Susan B. Anthony coins and Sacajawea coins in storage, but there is no demand for them. The advantage of the Presidential $1 series is that many will be taken out by collectors and provide surplus earnings to the Mint in excess of even the substantial seigniorage (net gain) for the coins. The last current issue of the Presidential series is now slated to honor Ronald Reagan in November 2015.
What is meaning of royalty?
The state of being royal; the condition or quality of a royal person; kingship; kingly office; sovereignty., The person of a king or sovereign; majesty; as, in the presence of royalty., An emblem of royalty; -- usually in the plural, meaning regalia., Kingliness; spirit of regal authority., Domain; province; sphere., That which is due to a sovereign, as a seigniorage on gold and silver coined at the mint, metals taken from mines, etc.; the tax exacted in lieu of such share; imperiality., A share of the product or profit (as of a mine, forest, etc.), reserved by the owner for permitting another to use the property., Hence (Com.), a duty paid by a manufacturer to the owner of a patent or a copyright at a certain rate for each article manufactured; or, a percentage paid to the owner of an article by one who hires the use of it.
What do you call the Profit from printing money?
Profit from printing money is called seigniorage. It refers to the difference between the costs of printing money and its face value. It is by far the most profitable activity so far invented by man. Imagine I have got a 1000 dollar bill in my pocket. To acquire it - assuming I haven't stolen it- I have had to work very hard for a very long time , that invest a high percentage of what I finally earn . Now if I printed this bill I'd spend perhaps 50 cents or even less on paper, paint and energy. So my profit in this case would be $999,5 from every 50 cents spent. Does anyone know any other business which for every half a dollar brings 999,5$ net receipt ?
Why is the face value of a coin greater than its intrinsic value?
Otherwise the coins would be melted and sold to make a profit.MoreBecause coins cost money to produce their intrinsic value can't normally be equal to their face value, let alone greater. The difference between a coin's face value and intrinsic value has the technical name seigniorage and is effectively the profit that a government makes when the coin is put into circulation. For example a US dollar coin costs about 10¢ to manufacture but it's "sold" to the general public at $1, so there's an automatic 90¢ gain for the Treasury. On occasion metal prices change enough that a coin IS worth more than face value, so as the previous poster noted people will remove them from change, melt them, and sell the raw metal at a profit. That happened in the US during the 1960s when the price of silver was deregulated. Quarters that could be "bought" from a bank at 25¢ each could be melted and sold for $4 or $5, so the government in effect lost about four-fifty on each 25-cent coin! That led to a serious coin shortage so starting in late 1965 dimes and quarters were converted to the cupronickel-clad composition still in use.A similar problem exists today with cents (worth about 1.8¢ in zinc) and nickels (about 8¢ of copper and nickel), but pending legislation to change the coins' compositions, the government has conveniently "solved" the problem of hoarding by making it illegal to melt them as well as forbidding metal dealers from buying the resulting scrap.
Why Mexico currency is Mexico peso not us dollar?
Every country has its own currency. Peso means weight and was originally a certain weight of gold. The earliest symbol used for the peso (the $) was originally formed by writing S and P one on top of the other. This SP represented the Spanish peso (commonly called a piece of eight) that could be broken into 8 pieces in order to make change. At the time the US first gained independence this "peso" was the most commonly used currency in the US (previously the US had used paper money called 'Continentals' which had fallen in value to near worthlessness). The US had little or no precious metal mining at the time and so used foreign currencies made out of gold. The Mexican peso remained a legal unit of American currency until 21 February 1857.Currently the peso is not a unit of gold, rather the leaders of Mexico gradually reduced and eliminated the content of gold in the peso until it was composed of an outer ring of stainless steel and an inner core of bronze and aluminum. This is used to prevent people from shaving the outer sections of the precious metals and selling those fragments for their value while passing the coin on as worth its full value.Mexico gains from having its own currency due to what is known as "seigniorage" in other words Mexico can produce pesos for less than their face value and so the Mexican government profits from every peso created (whether it be out of metal or through printing additional bills. This had led, in the past, to various governments the world over printing large numbers of new bills that have led to inflation, economic ruin, and revolutions. Generally speaking this tendency is kept in check (more or less) by having an independent central bank.Because Mexico is part of Spanish America, thus, we have our own currency. That's part of our identity.
Why aren't minerals the same in all U.S. coins?
I assume you mean metals rather than minerals. When coins were first struck in various countries, the rule was generally that a coin had to contain enough metal to be worth the value indicated by its denomination, minus a slight amount for the government (called "seigniorage", effectively the government's profit on making the coin). The principle was that coins would have intrinsic value so everyone would be guaranteed that a particular coin was worth, and would buy, a specific amount. In order to keep coins' sizes practical, small denominations were made of cheap metals such as copper and nickel, more valuable ones used silver, and the top end were made of gold. (It also meant that some smaller coins were more valuable than larger ones, because they used different metals.) The principle of metal values worked for centuries, but as society developed and economies became more complicated, it was harder and harder for governments to control coins' values vs. their metal content. In the U.S. for ex., copper cents used to be the size of half-dollars, but by 1857 the price of copper had increased to the point where the old cents were replaced with coins about the size of modern cents. Later, as more gold and silver were discovered their relative prices fluctuated and coinage was adjusted again and again. By 1933 all gold coins were withdrawn. Silver was kept, but in the 1960s its price shot up too. To preserve some order in coinage, silver was replaced with cupro-nickel, but there was an added glitch due to technology: new coins had to be compatible with old ones in vending machines, coin sorters, and so on. The new coins kept the same sizes and roughly the same weights. That's why dimes are still smaller than nickels or pennies, even though they're worth more.
What words have a long e sound spelled ei?
There are 6,571 words like that in Webster's Second International. Here are the first 100: abalienate abalienation Abbie Abdiel abeigh Abie Abies abietate abietene abietic abietin Abietineae abietineous abietinic Abiezer abortient abortifacient absenteeism absorbefacient abthainrie Acadie Acanthodei accidie accipient accompanier acetifier acetothienone acetylenediurein acetyltropeine acheilia acheilous acheiria acheirous acheirus achievable achieve achievement achiever Achilleid achilleine Achromobacterieae acidifier acier acierage Acieral acierate acieration Acipenseroidei acleidian acleistous Acmaeidae acneiform acquiesce acquiescement acquiescence acquiescency acquiescent acquiescently acquiescer acquiescingly acraein Acraeinae Acrasieae acrolein acropoleis actifier actinodielectric acturience aculeiform adagietto Addie Adeleidae Adiel adieu adieux Adigei adoulie Adrienne advenience advenient aeolsklavier aerie aeried affeir affreight affreighter affreightment afield afterfriend aftergrief afterpiece Aggie aggrievance aggrieve aggrieved aggrievedly aggrievedness aggrievement Agiel agonied
What has the author Maurice Obstfeld written?
Maurice Obstfeld has written: 'The logic of currency crises' -- subject(s): Foreign exchange administration, Mathematical models, Monetary policy, Currency question 'Sovereign risk, credibility and the gold standard' -- subject(s): Economics, Gold standard 'Regional nonadjustment and fiscal policy' -- subject(s): Monetary unions, Foreign exchange rates, Fiscal policy 'EMU' -- subject(s): Economic and Monetary Union, European Monetary System (Organization), Monetary policy, Monetary unions 'Financial instability, reserves, and central bank swap lines in the panic of 2008' 'The effectiveness of foreign-exchange intervention' -- subject(s): Monetary policy, Foreign exchange, Mathematical models, Liquidity (Economics) 'International adjustment with habit-forming consumption' -- subject(s): Mathematical models, Consumption (Economics) 'Competitiveness, Realignment, and Speculation' 'The logic of currency crisis' -- subject(s): Currency question, Econometric models 'Are industrial-country consumption risks globally diversified?' -- subject(s): Econometric models, Country risk, Consumption (Economics), International finance 'Dynamic seigniorage theory' -- subject(s): Debts, Public, Econometric models, Inflation (Finance), Mathematical models, Monetary policy, Money supply, Public Debts 'Transitory terms-of-trade shocks and the current account' -- subject(s): Mathematical models, Economic policy, Balance of trade 'Open-economy macroeconomics' -- subject(s): Mathematical models, Macroeconomics, Economic policy 'Globalization and capital markets' -- subject(s): History, Globalization, International economic integration, Capital movements, Capital market 'The mirage of fixed exchange rates' -- subject(s): Foreign exchange rates 'The six major puzzles in international macroeconomics' -- subject(s): Econometric models, Transportation, International trade, Non-tariff trade barriers, Prices, Purchasing power parity, Tariff 'International macroeconomics' -- subject(s): Macroeconomics, Econometric models, International economic relations 'Pricing-to-market, the interest-rate rule, and the exchange rate' -- subject(s): Foreign exchange rates, Mathematical models 'External adjustment' -- subject(s): Balance of trade, National income
