this post was submitted on 24 Sep 2024
331 points (97.2% liked)
Futurology
1793 readers
59 users here now
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I have tons. I get $0.61 in change each night. Save the quarters for laundry and other minor expenses, and the dimes and pennies go into a jar that gets filled up and dumped into the change machine at my credit union
Ah, but you didn't buy them!
This is generally the way it goes. Businesses buy rolls of quarters to fill the register, cash-using consumers "buy" bills, and gradually accumulate those quarters as the bills break down. Then, they return it to a bank to deposit them, and (possibly with a stop at the mint to retire old coins and inject new ones) the cycle continues.
Meanwhile, businesses deposit the bills they accumulate, and all kinds of wire transactions between banks, consumers, businesses and the government account for the rest of the money supply.