armondtoth Posted February 1, 2010 Report Share Posted February 1, 2010 The Basics: How much is a dollar worth?The question seems simple, but the answer is quite complex. Since 1973, the dollar bill has had no value tied to it. You cannot trade in a dollar to the government for gold, silver, or any other commodity. The value of the nation's currency is related to the decree by the government that a dollar is legal tender for all debts. This means if someone attempts to pay a debt using dollars, the person being paid must accept the money or the law no longer recognizes the debt. This is important enough that the phrase is printed on every bill the government creates.It is also vital for the nation's citizens to agree that the bills have value. If the members of a society decided that they did not believe in the currency, it would quickly be worth no more than the paper it is printed on. For the record, each bill costs the government 6.4 cents to print. Link to comment Share on other sites More sharing options...
Shenanigan Posted February 1, 2010 Report Share Posted February 1, 2010 thanks for the post Link to comment Share on other sites More sharing options...
luckydog Posted February 1, 2010 Report Share Posted February 1, 2010 It' worth whatever you can get for it Link to comment Share on other sites More sharing options...
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