Tuesday, November 22, 2011

Random monetary questions from/about the US of A

Why is the dime half the weight, and smaller than the nickel – yet worth twice as much as a token of currency? Also, why are the dollar notes of all the denominations I’ve encountered hard to distinguish – being uniform in size and colour (or color)… Yes I know they all have their value printed on them – but that requires removing them from your wallet/purse to inspect them, which is avoided in other nations by knowing the larger ones are the higher value ones – and that they all have distinctive colours – so a “the larger, purple, drinking token” will normally cover all but the largest rounds….

What is it with the practice of pricing everything without tax? This inevitably leads to people, at least tourists, not really knowing how much things are actually going to be – which is a minor inconvenience but I’d also guess it has an real economic impact, as it inevitably leads to totals even of a small number of items which aren’t nice round numbers with a few cent, nickels or dimes of change being needed – adding to the number of coins that need to be in circulation – or no longer in circulation, because they are lost down the back of the nations sofas. Judging by the state of some of the cents I’ve been give in change for my uniformly sized and coloured notes, some have been in and out of circulation for a long time…

Are these quirks driven by a nation that has almost become a cashless society? Using cash to pay for something has lead to a few funny looks – with the possible exception of tipping at the bar – which is one area I assume escapes all taxes!!!!

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