U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government PDF full book. Access full book title U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government by . Download full books in PDF and EPUB format.
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: U S Government Accountability Office (G Publisher: BiblioGov ISBN: 9781289017187 Category : Languages : en Pages : 44
Book Description
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author: U S Government Accountability Office (G Publisher: BiblioGov ISBN: 9781289079000 Category : Languages : en Pages : 24
Book Description
According to GAO's updated analysis, replacing the $1 note with a $1 coin would provide a net benefit to the government of approximately $4.4 billion over 30 years, or an average of about $146 million per year. The overall net benefit was due solely to increased seigniorage and not to reduced production costs. This estimate differs from GAO's 2011 estimate because it considers recent efficiency improvements in note processing that have extended the expected life of the $1 note and other updated information. GAO's estimate covered 30 years to be consistent with previous GAO analyses and because that period roughly coincides with the life expectancy of the $1 coin.
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 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