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#41
03-07-2007, 03:08 PM
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Re: How do one dollar bills stay in the economy?
In Scotland, we have the £1 note currently disappearing from the economy.
I'll see maybe only a couple dozen over the course of the year. They are still legal tender all over the UK, but some people in England have never seen one. We're don't have the same tipping culture in the UK I suppose, so less need for small denominations of folding money perhaps. In any case, they stopped making them. With regard to your uncles donut shop never running out of ones. Perhaps this is an anomoly to do with the dynamic of the clientele (not a wall street donut shop I assume) and the average total of each transaction being compartivly low. 
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#42
03-07-2007, 03:15 PM
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Re: How do one dollar bills stay in the economy?
[ QUOTE ]
the average total of each transaction being compartivly low. [/ QUOTE ] Winner. Start selling sandwiches instead of donuts and I bet you hand out a whole lot more 1's.
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#43
03-07-2007, 03:18 PM
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Re: How do one dollar bills stay in the economy?
Unless the sandwiches cost $5 each. [img]/images/graemlins/smile.gif[/img]
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#44
03-07-2007, 03:26 PM
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Re: How do one dollar bills stay in the economy?
The government just fires up the printer when people start hoarding dollar bills. Some collectors try to collect a wide range of serial numbers, so the government makes sure to keep up the available supply . Simple economics. It's a Nash equilibrium with dominant strategies. If you took game theoretical monetary economics you'd understand.
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#45
03-07-2007, 04:29 PM
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Re: How do one dollar bills stay in the economy?
OP,
A lot of people are making fun of you, but I have been holding onto dollar bills for quite some time now and expect within the next 10 or so years that they will increase in value quite a bit.
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#46
03-07-2007, 04:47 PM
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Re: How do one dollar bills stay in the economy?
[ QUOTE ]
Money can be used to purchase goods and services. [/ QUOTE ] this made me laugh out loud...not sure why, though
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#47
03-07-2007, 04:52 PM
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Re: How do one dollar bills stay in the economy?
Because otherwise we would be just like Canada with only one dollar coins instead of one dollar bills.
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#48
03-07-2007, 04:54 PM
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Re: How do one dollar bills stay in the economy?
[ QUOTE ]
[ QUOTE ] Money can be used to purchase goods and services. [/ QUOTE ] this made me laugh out loud...not sure why, though [/ QUOTE ] The people who get it know why.
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#49
03-07-2007, 05:01 PM
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Re: How do one dollar bills stay in the economy?
[ QUOTE ]
OP, A lot of people are making fun of you, but I have been holding onto dollar bills for quite some time now and expect within the next 10 or so years that they will increase in value quite a bit. [/ QUOTE ] On a similar note. My buddies dad heard from some random guy that pennies would be going out of circulation sometime soon so he went out and bought like $1000 in pennies or something. That was like 4 years ago. Pretty sure the pennies are still worth a penny...
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#50
03-07-2007, 05:13 PM
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Re: How do one dollar bills stay in the economy?
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