Why don't we have denominations of money such as 3/8ths or 15/32nds ?

[Dr. Tweedbucket]

:waiting


It seems logical to do it that way, at least in the USA. You can base it on the $100 bill. A 1/4 would be $25, a 1/2 would be $50. An 11/16 would be too much to tip anyone :red .... that sort of thing.



And the same thing goes for coins! Here's a 9/16 .... :red keep teh change ..... :beer

[wholetone]

Why don't we have the metric system? It makes much more sense given our monetary system... can't comment further without violating the no politics/religion rule, but its defacto here anyway, when you look at measurements and so forth many of them convert straight to metric. Its certainly something that would make us much more competitive as an economy if we'd switch over to the measurement system the entire rest of the world uses.

[Dr. Tweedbucket]

Why don't we have the metric system? It makes much more sense given our monetary system...


Tha'ts just CRAZY TALK ! :mad:


It was supposed to happen in the 70s, but people were too stupid or lazy to understand how it worked, so it never happened. :cry:

[oneidabow1]

??? A 9/16th tip would be over 50%. That waitress better be doing more than just bringing me food and drinks and she better be doing it naked for that much tip. The metric system would probably be fine if everyone started using it right out of the gate but most people use what is most familiar. Heck, I was watching Holmes on Homes and the building materials are still in English measurements and that show is in Canada. Since we are at it, lets change the 24 hour time system to something metric. 50 metric hours in a day. The metric system was a scam. They plotted to make sure everyone had to go out and buy another group of tools to work on their cars.

[wholetone]

Tha'ts just CRAZY TALK ! :mad:


It was supposed to happen in the 70s, but people were too stupid or lazy to understand how it worked, so it never happened. :cry:

As I noted above, its kind of hard to discuss this without violating the forum TOS on political discussions... but my own joke about going metric is you automatically lose weight and get to speed when you go to the metric system...

:cool:

[Dr. Tweedbucket]

??? A 9/16th tip would be over 50%. That waitress better be doing more than just bringing me food and drinks and she better be doing it naked for that much tip.


You can be cheap and just tip them a 3/32nds ...... :knitting

[brianr0131]

Denominations

[Dr. Tweedbucket]

Denominations



fixed! :beer

[Blue Fin]

It's because we're too dumb to figure out fractions.

[Dr. Tweedbucket]

It's because we're too dumb to figure out fractions.




Oh yeah, :waiting


Tell that to the Craftsman wrench ppl :red

[andrekp]

Why don't we have the metric system? It makes much more sense given our monetary system... can't comment further without violating the no politics/religion rule, but its defacto here anyway, when you look at measurements and so forth many of them convert straight to metric. Its certainly something that would make us much more competitive as an economy if we'd switch over to the measurement system the entire rest of the world uses.

I think you are confusing the metric system with the decimal system. Just because something is commonly measured in tenths and tens, does not make it "metric."

The metric system is a linked set of specific measurements that ALSO happen to be measured in tenths and tens. If I say something is one tenth of an inch long, I am not using the metric system, I am using the decimal system. I'm not sure any country uses an actual metric system for currency - which would be based on some sort of measurement like $100=1 cubic cm of gold.

[Thinline_slim]

You've seen how the USA compares to all the other countries in math, right?

[Kiwi]

Ah, but we do have denominations of money such as 15/32nds : The US Treasury trading market. From a blogspot:

Treasury Bonds
Unlike every where else in the world, the U.S. Treasury market still trades in fractions. It is assumed you know this when the bond is quoted, so you'll see it written as something like this...

98-4

That means that the bond's price is 98 and 4/32's, or 98.125% of par. In bond parlance, 1/32 is a "tick."

Sometimes there is also a + added to the end. The + is worth 1/64. So if the price is 98-4+, that's 98 and 4.5/32. If you watch Bloomberg you may see yet more fractions thrown in there too. If you saw 98-4 1/8, that would be 98 and 4.125/32.

[tapehead]

Check our math ranking among developed nations. Using whole numbers in the monetary supply is for the best.

[stevel]

Oh, this is an easy one. In fact, did you know there's discussion about getting rid of the penny and having the nickel be our smallest denomination (pennies will still be legal tender, they'll just stop minting them). Ostensibly this is because it costs more than a penny to make a penny.

However, being the conspiracy theorist I am, I see this as a ploy by the man to allow everyone to round everything up to the nearest 5 cents. No one, except maybe Wally Mart, will "rollback". They'll all "roll up". And this will be at every step in the chain so that means when the product gets to market it will be 5% more expensive... The rich will get richer.

We do have fractional charges - gas. I've never figured out why the insist on clinging to the "tenths" in gas. Why not just make it an even penny for goodness sake.

Steve

[RCCola]

It's because we're too dumb to figure out fractions.

Drug dealers/users deal in fractions all day

I mean...so I've read in text books

[filtersweep]

I still don't understand why dollar bills still exist, while dollar coins barely exist. Silly American traditions.