The End of the Penny: Impact on the Economy, Prices, and Your Savings

The End of the Penny: Impact on the Economy, Prices, and Your Savings

The discussion of discontinuing the penny (1 cent coin) in America was going on for several decades. Recently the government decided that now the production of new pennies will be stopped. The biggest reason behind this decision is that the cost of making a penny had reached 3 cents, which was making it economically disadvantageous. … Read more