8 Answered Questions for the topic Currency
Is it possible to create a single global government, economy and currency?
Why is gold considered so precious and why does it have such high prices?
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
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
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