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What country coined platinum money?

May 6, 2017 | Author: | Posted in Central Banking

In 1828 the Russian government began the coinage of platinum money. Platinum was produced in considerable quantities in the Ural Mountains in Russia and its general scarcity and great value were not at first appreciated. For many years the Russians considered the metal of such small value that peasants used pots and pans made of …

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How do the Curb Exchange and the Stock Exchange differ?

April 24, 2017 | Author: | Posted in Stock Market

The New York Curb Exchange is a market for securities not listed on the New York Stock Exchange. There is no essential difference between the Stock Exchange and the Curb Exchange either in function or in the general nature of the rules and regulations. The Curb Exchange, however, developed later historically and it is more …

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What is the fiscal year?

April 14, 2017 | Author: | Posted in Taxes

The fiscal year is the twelvemonth period between one annual time of settling accounts and another. The fiscal year of the United States Government begins July 1 and ends June 3o. It is always spoken of as being in the calendar year in which it ends. For instance, the fiscal year that ended June 3o, …

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Is part of a ten-dollar bill redeemable at face value?

January 2, 2017 | Author: | Posted in Central Banking

Three-fifths or more of a mutilated United States paper currency bill, note or certificate is redeemable at face value by the United States Treasury Department. When less than three-fifths, but clearly more than two-fifths of the original bill remains it is redeemable at one-half of the face value of the original bill. However, fragments containing …

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What is the origin of “A Number One?”

December 19, 2016 | Author: | Posted in History, Insurance

A Number One in the sense of prime, superior or first-rate originated with a symbol used in classifying ships in Lloyd’s Register of British and Foreign Shipping, a yearly publication dealing with the design and construction of vessels of all nations and with data about docks and harbors. Beginning with its issue of 1775-4776, Lloyd’s …

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