U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government PDF Download
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Author: U.s. Government Accountability Office Publisher: ISBN: 9781974638291 Category : Languages : en Pages : 42
Book Description
"Since coins are more durable thannotes and do not need replacement asoften, many nations have replacedlower-denomination notes with coinsto obtain a financial benefit. GAO hasestimated the annual net benefit tothe U.S. government of replacing the$1 note with a $1 coin four times overthe past 20 years, most recently inApril 2000. Asked to update itsestimate, GAO (1) estimated the netbenefit to the government ofreplacing the $1 note with a $1 coinand (2) examined other effectsstakeholders suggested such areplacement could have. To performits work, GAO constructed aneconomic model and interviewedofficials from the Federal Reserve,the Treasury Department, the U.S.Secret Service, outside experts, andofficials from Canada and the UnitedKingdom. To determine the effects onstakeholders, GAO interviewedofficials from industries andorganizations that might be affectedby changes to currency. As in the past, GAO's analysisindicates that replacing the $1 notewith a $1 coin would provide afinancial benefit to the government ifproduction of the $1 note ceased.GAO previously recommendedreplacement of the $1 note andcontinues to support thisrecommendation. The FederalReserve and Treasury reviewed..."
Author: United States Government Account Office Publisher: Createspace Independent Publishing Platform ISBN: 9781983734755 Category : Languages : en Pages : 42
Book Description
U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government
Author: Marcus T. Roth Publisher: Nova Science Publishers ISBN: 9781624178320 Category : Coins Languages : en Pages : 0
Book Description
Since coins are more durable than notes and do not need replacement as often, many countries have replaced lower-denomination notes with coins to obtain a financial benefit, among other reasons. Six times over the past 22 years, the Government Accountability Office (GAO) has reported that replacing the $1 note with a $1 coin would provide a net benefit to the federal government of hundreds of millions of dollars annually. This book examines the net benefit to the government of replacing the $1 note with a $1 coin for the private sector and the public, and with a focus on the experiences of other countries doing so.
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher: ISBN: Category : Antiques & Collectibles Languages : en Pages : 120
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Domestic and International Monetary Policy Publisher: ISBN: Category : Antiques & Collectibles Languages : en Pages : 176
Author: United States Government Accountability Office Publisher: Createspace Independent Publishing Platform ISBN: 9781719035538 Category : Languages : en Pages : 28
Book Description
U.S. Coins: Benefits and Considerations for Replacing the $1 Note with a $1 Coin