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Why do we have ten dollar bills if we also have fives and twenties? A single ten dollar bill could easily be replaced with just two five dollar bills and multiple tens could be replaced with a combination of fives and twenties.
Carrying a balanced combination of fives and twenties would work just
as well, if not better than, several tens. For example, rather than ten tens, have three twenties and eight fives, or four twenties and four fives. Having fives, tens, and twenties is just overly complicated.
(?) A short discussion about possible reasons for denominations of coins and notes
http://iq.lycos.co....+25+dollar+bill%3F/
[Ling, Jun 12 2008]
[link]
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Eliminate everything under the quarter before you start on the bills man. The PITA in making and carrying change is portaging the metal around. I usually carry zero cash relying on debit. Never have a problem if you think ahead. |
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The trouble is the ratios between denominations. You need lots of quarters because there are four of them to the dollar, and you need lots of singles because there are five of them in a five dollar bill. There are only two fives in a ten, however, so carrying two fives isn't that big of a deal. There are only two tens in a twenty, too, so tens are pretty useless. If you eliminate the ten, you're left with four fives to a twenty, which is a great ratio in my opinion. |
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Well by this logic dimes should be eliminated as well. Indeed, that'd be a public service. Sneaky buggers keep hiding in my pennies... |
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Why don't we just eliminate all coins, all bills, and move to a complete debit card only system? Then you wouldn't have to carry any bills. And if we embed a chip in the back of your hand, you won't even need the bother of carrying that big ol' heavy card around. |
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That'll make the debil come getcha. |
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Pretty much every currency I know uses 1,2 & 5 or those numbers multiplied by 10 or even 100. There must be a very good reason, probably involving the fewest number of items used the fewest number of times, to give all possible sums. |
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Mmmmm, reminds me of prime packaging units. |
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I have a three dollar bill with Bill Clinton's picture on it. |
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Dimes aren't quite as bad because there is a 25 cent coin, not a 20 cent coin. Fifties are in a similar position. |
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//Pretty much every currency I know uses 1,2 & 5 or those numbers multiplied by 10 or even 100. There must be a very good reason, probably involving the fewest number of items used the fewest number of times, to give all possible sums.// |
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I think this is largely because people thought more of the bills' individual uses than of the system as a whole. |
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I got it! We'll use binary denominations! We already
have the one and the two. I imagine banks will figure
out some way to screw people who can't read
hexadecimal. |
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The problem with that system, [zen], is that it
assumes that (a) you have a complete set of
coins/bills to hand and (b) you are equally likely to
need to pay any amount. |
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In reality, such a system is not optimal, except
under those very narrow conditions. |
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