Currency

The idea of the elimination of the penny has been an ongoing debate for the past decade. The idea first started when the cost of the creation of the penny became public. It costs more money to make a penny than a penny is actually worth. Therefore every time a penny is created the government is losing money. It has become a shock to me to find out that the simple fix to this problem is to stop the minting process of such a useless coin, but we still continue to do so. If someone were to actually…

In the book Money, Greed, and God, Jay W. Richards talks about many great concepts involved with economics and God. The four concepts I will be going over are, usury, The first concept that I will be going over is usury. Webster’s dictionary defines usury as, “the lending of money with an interest charge for its use; especially: the lending of money at exorbitant interest rates.” This concept has helped me view money in a different light due to the fact that I haven’t put a lot of thought into…

In China, the Tang Dynasty was deciding on what tax system they should use. They had two options: the once a year tax or the twice a year tax. The once a year tax would be collected once a year. The twice a year tax would be collected twice a year. Lu Zhi wrote a memorial against the twice a year tax and Lu Zhi had a good point. The taxes in China went towards anything the government needed fixed or replaced. China’s government depended on the people paying the taxes to get out of debt…

Gold bullion coins are easy to sell and there are many options available for a coin seller. However, just because it is easy does not mean you always get the best deal. Before trying to sell your gold bullion coin, you must know at least approximate value. If you are experienced enough, you can estimate the value yourself, however for beginner coin collectors, or someone who got the coin through inheritance or as a gift, the best option is to have the coin apprised. Typically, there are fees…

When you think about a penny what do you see? What do you think? How do you feel about a penny? Oh yes, the good old penny. An old brown, round piece copper that you always see on the ground but never seem to pick it up? Or a fortunate round piece of copper that you can use when you want a piece of candy from the corner store. Well, some people say that pennies are good luck. Do you believe it ? Did you know that the average penny lasts 25 years? The penny has been around for about 154 years.…

The Necklace and Gift of The Magi When someone thinks of two poor women from years ago, they might just think of any ordinary, stereotypical female working at home doing nothing but cleaning, cooking, and sewing. These stories propose a different idea. Two different women go through a series of events in order to succeed in what they’re attempting for someone or themselves. Along with differences of course, they also have many similarities between them, a big one being irony. The two main…

Over the previous three years, the reality has been demonstrated that the pound has fallen in light of Australian dollar. This thought or era is totally depended upon the information or fulfilled data gave by the Reserved Bank of Australia. According to (Investopedia; 2016), there are different outside powers that has been controlling the conduct of activity of Australian dollar or pound. The separation in the estimation of cash of pound and Australian dollar is because of the variety in the…

Most people tend to believe that one person is not able to make such a big difference in the world. Well, this belief may be long lost nowadays and especially with the United States 2016 Elections. Donald Trump triumph has not only made a difference in the United States stock market, but at the same time it has made such an impact globally. The three aspects that were mostly affected globally were the exchange rates, the stock market, and the future of the country. Miriam explains that “During…

It is not the easiest to find something good to do with a dollar. You can’t even buy anything at the Dollar Tree because with tax, you are spending $1.07. You could buy a Ricker’s soda, I guess, but that’s not really going to make an impact on anyone’s life. With my dollar, I decided to exchange it for one hundred pennies at Payless. Why would I want a hundred pennies? Well, I took those hundred pennies and spread them all across Muncie, Indiana while I was at shopping on Friday. I put all the…

How do you spend your money? If you are like a lot of consumers now days, you are probably trying to watch your budget a little more carefully since the recession. Sure, every once in a while it feels great to buy something new, but soon that feeling fades, and the item becomes just another trinket collecting dust. Consumers need to start spending their money on purchases that are more personally valuable in order to feel more fulfilled. So how can we begin to spend our money in a way that will…