0
Still curious? Ask our experts.
Chat with our AI personalities
Rafa
Taiga
BlakeAdd your answer:
Earn +20 pts
Why do they call money dead presidents?
It's federal law that no living man or woman can appear on U.S. coins. It has been custom since the beginning of the minting of coins for the king's images to be on them so the founders who were anti royalists had a tradition of not putting living presidents on coins. This later became law.
Are all presidents on paper money?
Neither are all the presidents on paper money and not all paper money have pictures of presidents. For example Ben Franklin is on the hundred.
Where do they make money?
Money created by manufacturing a new monetary unit, such as paper currency or metal coins, is most often a responsibility of a government's treasury. In modern economies, relatively little of the money supply is in currency (i.e. coins and banknotes); most is created by lending or quantitative easing (see below) using fractional reserve banking. In the U.S., only about 2% to 3% of the total money supply consists of physical coins and paper money. It is usually printed at a mint.
What is impoundment in government?
presidents refusal to spend money
What caused rome economy to weaken?
well, actually... It had to do with a few things: inflation and trade. When Rome needed extra money, they began minting their coins with less precious metal in order to make more coins with the same amount of precious metal. This caused an over circulation of money causing the money to lose much of its value. Trade also contributed. When the Roman Empire was split, each part lost the economic benefits of the other part. This was a problem because the east had control over the major trade routs. This prevented Rome from gaining any large profit from trade.
