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I say eliminate pennies, nickels, and quarters. That way you can just drop the 100ths place all together and prices will be like: 1.5, 2.3, 9.9 instead of 1.25,
by umvi 6y ago
I say eliminate pennies, nickels, and quarters. That way you can just drop the 100ths place all together and prices will be like: 1.5, 2.3, 9.9 instead of 1.25, 3.75, etc.
- runarberg 6y agoAmericans do love to divide into powers of two (½, ¼, and ⅛) rather then tenths. If anything they would be more likely to issue an eighth dollar as they phase out the penny, the nickle and the dime. And you would see prizes such as 4 dollar and ⅜ cents (and they would probably write it as $4–¢⅜). EDIT: And petrol stations would display the prices in sixteenths, but charge a sixteenth more.
- Arcorann 6y agoThe 1/8 dollar was a feature of the old Spanish dollar (hence the term "pieces of eight", the eight pieces being known as "bits" -- "two bits" is then a quarter), which is where the Americans got it in the first place. In fact, up to 2001 American stock exchanges expressed prices in 1/8 and 1/16 dollar increments (apparently 1/16 was only introduced at the NYSE in 1997).
- runarberg 6y agoAmazing, I had no idea. This was only meant as a stab at Americans and their love for their love for inches. Here is a wikipedia article about bits. https://en.wikipedia.org/wiki/Bit_%28money%29 https://en.wikipedia.org/wiki/Bit_%28money%29