Answer the following questions into 2-3 paragraphs.If you used information from

Question

Answer the following questions into 2-3 paragraphs.If you used information from another website please site the resource.
What is the current policy on the issuance of the $1 coin? How much does it cost each year to print dollar bills? How long do they last? What are the advantages of using dollar coins? What are the disadvantages? In light of the current federal budget deficit do you agree or disagree with the current policy on the issuance of $1 coins?
Answer the following questions into 2-3 paragraphs.If you used information from another website please site the resource.
What is the current policy on the issuance of the $1 coin? How much does it cost each year to print dollar bills? How long do they last? What are the advantages of using dollar coins? What are the disadvantages? In light of the current federal budget deficit do you agree or disagree with the current policy on the issuance of $1 coins?
Answer the following questions into 2-3 paragraphs.If you used information from another website please site the resource.
What is the current policy on the issuance of the $1 coin? How much does it cost each year to print dollar bills? How long do they last? What are the advantages of using dollar coins? What are the disadvantages? In light of the current federal budget deficit do you agree or disagree with the current policy on the issuance of $1 coins?

Explanation / Answer

Dollar coin is very cost effective measure, It costs 10 cents to mint each dollar coin. But people still prefer to use notes. Coins last for almost 3 decades

According to the federal reserve in year 2016 the total budget for printing dollars is $737.4 millions

According to federal reserve they have fixed timeline to replace dollar bills for wear, it is 5.8 years for $1 note and 15 years for $100 note.

Dollar coins last longer and do not wear easily, It is cost effective solution for fed

They are quite bulky in the pocket and you cannot carry many of them in your pocket because of weight

Dollar coins are great means of good currency, they last for 30 years which is quite good compared to 5.8 years for dollar note.

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