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U.S. CURRENCY: Financial Benefit of Switching to a $1 Coin Is Unlikely, but Changing Coin Metal Content Could Result in Cost Savings.
- Source :
- GAO Reports; 3/21/2019, p399-441, 43p
- Publication Year :
- 2019
-
Abstract
- The article offers information on the U.S. government invests financial resources to produce and issue currency, paper notes and metal coins for use as a medium of exchange and store of value in the economy. It mentions making changes to U.S. currency, such as using less expensive metals in coins, could potentially save taxpayer funds; and also mentions the U.S. has taken some actions to reduce coin production costs, such as changing the metal composition of the penny.
- Subjects :
- MONEY
FINANCIAL planning
INDUSTRIAL costs
METALLIC composites
COINS
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- GAO Reports
- Publication Type :
- Government Document
- Accession number :
- 135479121