Conteúdo do artigo

• The E-Sylum: Volume 9, Number 40, October 1, 2006, Article 17
  

  ABOLISH DIMES IN ADDITION TO CENTS & NICKELS?
  

  Dick Johnson writes: "The Washington Post has weighed in on
  abolishing the cent problem. It assigned the story to writer
  Sebastian Mallaby. His report was published September 25, 2006,
  titled "The Penny Stops Here."
  

  He reported several interesting statistics. A study on the estimated
  time handling just pennies at each cash transaction is 2 to 2.5
  seconds. This should save the average customer 730 seconds a year,
  or about a $3.65 annual saving.
  

  He also puts to rest the argument that rounding off -- up or down --
  would lose shoppers serious money. A Wake Forest University study
  of 200,000 transactions stated the difference would be four cents
  in a citizen's purchases over a year.
  

  It really gets serious when he employs the Sharpe Ratio, named
  after Nobel Prize winner, William Sharpe. This measures risk divided
  by the size of the risk. Abolishing the cent is a Sharpe Risk Ratio
  of 13.5. Read the article to see what THAT means. He also reports
  on the Sharpe Ratio for nickels, but it drops to 1.2 for abolishing
  dimes. Hardly worth the effort!"
  

  To read the Washington Post article, see: Full Story
  

URL da fonte

• http://www.coinbooks.org/esylum_v09n40a17.html

Data de publicação

• 2006-10-01

Volume

• 9

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