8 Answered Questions for the topic Currency

How did coins get their names?

Why is a coin an asset whereas a note is a liability on the Federal Reserve's balance sheet?

Can someone explain me why coins are assets and notes are liabilities for the U.S. Federal Reserve? I know coins are made from "precious" metals, but even notes are made from various materials... more

04/16/19

What is the chemical symbol for gold?

04/12/19

Why is gold considered so precious?

03/27/19

Calculating nominal GDP?

I would like to understand one detail of how nominal GDP of a country in a given year is calculated. It seems to me that the GDP in each country is first calculated in the national currency and... more

03/16/19

Why does US currency have a 25 cent piece and a 20 dollar bill instead of a 20 cent piece or 25 dollar bill?

Why does US currency have a 25 cent piece instead of a 20 cent piece? Why is there a 20 dollar bill instead of a 25 dollar bill? Why aren't both denominations the same, 20 or 25 for both the... more

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