What is the value of an 1897 silver dollar?
First you need to check the back, above the "DO" in DOLLAR, for a mintmark. There may be a small "O", "S", or "CC" there. There may also be nothing there. In average circulated condition, with a "CC" mintmark, it's worth $70-$75. With any other (or no) mintmark, it's worth $8-$10 In almost uncirculated condition, with a "CC" mintmark, it's worth about $150. With any other (or no) mintmark, it's worth $15-$25 An uncirculated coin will be worth about $250 with a "CC" mintmark, $100 with an "O" mintmark, or $35 with an "S" (or no) mintmark.
How does GDP affect businesses?
Gross domestic product (GDP) is a broad measure of the nation's economic activity. For small businesses, which are often sensitive to the economic climate, GDP can be an important measure of current business prospects. Because GDP measures overall economic output, small businesses may carefully watch GDP figures to determine how the economy is faring and how their own results compare with the results of other businesses.
How rapid inflation can undermine moneys ability to perform each of the three function?
Money is used as a medium of exchange for goods and services, as a unit of account for expressing price, and as a store of value.
People will only accept money in exchange for goods and services and for the work they perform if they can be reasonably certain that the medium of exchange money will retain its value until they are ready to spend it. In runaway inflation's of the thousands or tens of thousands of percent a year, people revert to barter.
Again, drastic inflation greatly reduces money's use as a measure of value, for it is impossible to adjust instantaneously all prices strictly in line with their relative values. Thus, opportunities are afforded to speculators to profit at the expense of the less sophisticated who, eventually, will learn to distrust money's usefulness as a measure of value.
Finally, and most obviously, money's usefulness as a store of value is destroyed in a drastic inflation. The "rule of 70" is instructive here. By dividing the absolute inflation rate into 70, one can estimate how long it takes ones dollar savings to lose half their purchasing power. At 7 percent inflation, the dollar will be worth half as much in ten years.
What is the value of 5000 dollars in 1950?
It would be worth 500 dollars because the amount of money never changes over time. The purchasing power of a US dollar now is about 10-12% of its purchasing power in 1956. The easy way to determine this is with an inflation calculator that is based on changes in the CPI. I recommend http://data.bls.gov/cgi-bin/cpicalc.pl
How much would 15000 dollars in 1983 be worth in 2014?
$15,000 in 1983 had the same buying power as $35,703.61 does in 2014.
What is 1 million dollars in 1969 worth today?
In 2013, the relative value of $1.00from 1969ranges from $4.91to $16.50.
The value of a 1969 dollar ranged from $4.91 to $16.50 in 2013.
$1,000,000 in 1969 would be $4,910,000 to 16,500,000 in 2013.
What is the main reason for inflation rate?
The rise of inflation index is the net result of a cumulative rise of several commodities and power, fuel prices.
The inflation index depending on where in the world will have a set of assets it is based on. The influence of each asset depends on the discretion of that deciding body.
For instance if say the inflation index is made up of 10 asset or asset classes : and say Oil, Gold, Milk, Fruits, Vegetables. Then a rise in one of them will affect a rise in the index.
What is the value of an 1887 silver dollar?
Assuming the coin is circulated and has no mintmark, the 1887 Morgan dollar is very common. Circulated coins are valued at $32.00-$39.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelry or have been cleaned have little or no value to a collector or dealer.
What was the Price of milk in 1936?
When Mayfield, Jr., died in 1937, Thomas B. Mayfield III took over the company .... The cost of milk cost increased to between $2.50 and $3.00 per gallon. ...
if your stupid and careless, yes. just stop if you feel pain and youll fart it out
Which of the following products would be used in calculating GDP?
cars manufactured in Tennessee at a factory owned by a Japanese automobile company
What is the value of a 1980 dollar in todays dollars?
In 2007, $1.00 from 1980 is worth:
$2.52 using the Consumer Price Index
$2.22 using the GDP deflator
$3.07 using the value of consumer bundle
$2.43 using the unskilled wage
$3.74 using the nominal GDP per capita
$4.95 using the relative share of GDP
in/de-flation, fiat money, gold of $1There are a few ways to decide the answer to this question. One is based on the value of the item the dollar was based on, another is to base it on the current and past buying power of one dollar, lastly you can observe and compare with other major nations values with today, then there's a semi-complicated process of taking the rate of inflation and working that out for 72 years. Here's a short history lesson and conclusion about just gold and fiat money. From the beginning of coins and money, almost all currencies have been based on the value of gold or silver. In societies and countries where all money was made of gold, there could be no devaluation of the currency, only fluctuations in the prices of individual commodities.Once "fiat" money had been invented, it became worth what a consensus of people thought it was worth. "Fiat money" is money which has a value which is not represented by its intrinsic metal content. It also became easy for governments to issue more money than they held in reserves.n 1934 or 1935, the USA fixed the price of gold at $35 per ounce. This was done not to stabilize the price of gold against the dollar, but the opposite, to stabilize the value of the dollar because it had a fixed exchange rate for gold. This was done to restore confidence in the dollar and the US economy after the 1929 share collapse and the depression of the 1930's. It appears to have worked, because the USA, with its almighty dollar, became the powerhouse of world trade, and the richest nation on earth. Most good things come to an end, though, and by about 1967, most of the world did not believe the dollar was still worth 1/35th of an ounce of gold, or put another way, they believed that gold was worth more than $35 per ounce. USA had to sever the tie between gold and the dollar, allowing gold to start its meteoric rise from $35 per ounce to a peak of $850. Most charts put together compares the buying power with 1980. If you held onto one dollar until 1980 you would lose in appreciation approximately 82 cents based on inflation, cost of goods sold, and price of commodities. The numbers have nearly multiplied by 1.5 in inflation since that time. You can do the math.Explain how inflation affect the function of money?
Inflation is defined as a persistent increase in general price level. Inflation is measured by the proportional changes over time in some appropriate price index, commonly a consumer price index. General Price level refers to an average of all price in an economy and changes in reflect in the cost of living.
Inflation however affects many thing one being function of money such as medium of exchange, store of value, unit of account and standard of deferred payments.
Medium of exchange means that any item that is widely acceptable in exchange of goods and services. The existence of a medium allows trade to take place without the need for a joint coincidence of wants. A medium of exchange facilitates economic transactions. As long as the same money is going to be accepted as payment, inflation will not affect this function. But in extreme cases of inflation, people may lose confidence in money to the extent that they don't trust it, and resort to barter or some other means of conducting transactions.
Another function of money is store of value. If asset prices are stable, money is unattractive as a store of value, as it brings in no income, but if asset prices are unstable it may be worth holding some part of total assets in money, as a safeguard against risk. This is the one that inflation obviously affects the most. Inflation erodes the value of money; it does not keep its value. Something that costs a certain amount today will cost more tomorrow. This affects everything from the timing of transactions to the amount required for future payments (interest rates).
One of the roles of money is to be the unit of account in which contracts are expressed and individual incomes or firms' profits are measured. High and fluctuating rates of inflation interfere with the performance of money as a unit of account, which is believed to be bad for the efficiency and equitable running of the economy.
Who gets hurt the most by inflation?
Almost everyone. It would be easier to list those who would not be hurt. Certain investors and stocks/shares speculators would not be hurt as far as their investment goes but they would be adversely affected in other areas. Inflation (very simply put) means that the monetary value of something increases. If it is prices then people have to pay more. If it is wages then the employers have to charge more for their goods or services. In theory, if there were no inflation of any type, then the entire economy would remain stable. However this is not possible in a practical world. Because countries trade with each other, we all want to earn more etc then inflation will occur somewhere which in turn will affect (hurt) almost evryone to some extent.
What could you buy for a dollar in 1880?
According to the Consumer Price Index Inflation Calculator, one dollar in 1930 had the same buying power that $13.50 has in 2011. So whatever you can get for thirteen and a half bucks today, was about a dollar in 1930.
What speeds up the flow of investment and wages in the circular flow of the free-market system?
Antitrust laws
consumer-protection regulations
Does inflation affect exchange rates?
Simply put, low inflation rates means higher demand in market including demand from foreign markets. This is translated in the price quoted for imported items. Thus, as import is increased so does money outflow. This means more foreign currency are needed (bought) to buy imported items and relatively the value of local currency rates will be depreciated.
What is the value of a dollar now compared to 1920?
If you'd like to know an "exact" approximation, try this site which calculates dollar value based on inflation:
http://www.westegg.com/inflation/
Back a long time ago, money was worth more than it is today. Just getting a few dollars paw was considered a lot.
When inflation becomes a problem what action will fed likely take with regard to interest rates?
when inflation becomes a problem the action the fed will RAISE INTEREST to slow the economy down a little.
How much was 5 dollars worth in 1865?
As of May 2014, $5 in 1865 was worth about $67. A dollar today would of been about $.08 in 1865.
When adjusted for inflation which penny year is worth more?
1960 pennies are worth more. Wrong!.... 2008 are worth more... its about quantity not YEAR
Clever. But I would point out that the 1990 pennies would probably be worth the most due to the fact that they contain more copper =)
How much would 1 million dollars in 1890 be worth today?
Not sure but probably around 10 million dollars today