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Redenomination. In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation. In such cases the name of the currency may change or the original name may ...
For example, if there are ¥120 to the dollar and €1.2 to the dollar then the number of yen per euro is 120/1.2 = 100. The magnitude of the numbers in the list does not indicate, by themselves, the strength or weakness of a particular currency. For example, the U.S. dollar could be rebased tomorrow so that 1 new dollar was worth 100 old dollars.
As a consequence of the pesification of every account in Argentina, the 100 billion dollars that were in the banks were changed to 100 billion pesos. This caused an enormous demand for dollars and transformed the normal change of 1.40 pesos per dollar to 4 pesos per dollar in 5 months. Sources. Baer, Werner; Elosegui, Pedro & Gallo, Andrés.
With a budget of $7 million, "Scream" by Michael Jackson (left) and Janet Jackson (right) is the most expensive music video of all time—both nominally and adjusted for inflation. This article lists the most expensive music videos ever made, with costs of $500,000 or more, from those whose budgets have been disclosed.
Last month, Walmart ended the exclusive deal with Capital One, citing in court documents multiple issues with the bank’s customer service—but not before Capital One accumulated $8.5 billion ...
In 1959–1961 Great Britain Atomic Energy Authority produced 125 g of 99.9% pure protactinium at a cost of $ 500 000, giving the cost of 4 000 000 USD per kg. Periodic Table of Elements at Los Alamos National Laboratory website at one point listed protactinium-231 as available from Oak Ridge National Laboratory at a price of 280 000 USD/kg.
For example, Buffett swears by low-cost index funds, such as an S&P 500 index fund. During a 2021 shareholders meeting, he said, “I do not think the average person can pick stocks.”
The PGA Championship offered an $18.5 million purse last month, which gave Xander Schauffele $3.3 million for his win. While the top four finishers will all take home seven figures, everyone ...