Although a dollar coin costs more to make, it lasts much longer than a dollar bill. However, coins are heavier and less comfortable to use. The US spends $800 million annually on currency production, with $100 bills making up 80% of circulation and 37% of physical currency held outside the US. Although a dollar coin […]
Cheapest to deliver is a futures contract approach where sellers can substitute underlying assets to reduce delivery costs, potentially decreasing the contract’s value. Buyers can secure assets at set prices, but may receive lower quality assets upon contract expiration. “Cheaper to deliver” refers to an approach for some types of futures contracts where people can […]
