Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should Australia eliminate 5c piece?
>
Reply to Thread
Message:
<p>[QUOTE="chrisild, post: 291807, member: 39"]From what I know (e.g. Denmark, Netherlands) rounding does not have an inflationary effect. All you do is round the total amount, not the price of any single item. Totals are rounded up or down, whatever is closer, e.g. if your smallest unit is a 5 cent piece, it would be 8/9/0/1/2 -> 0 and 3/4/5/6/7 -> 5. And usually it affects cash payments only anyway.</p><p><br /></p><p>Sure, some merchants might try and use the introduction of such rounding rules to increase prices - except that in competitive markets that would be somewhat difficult. Increasing wages, taxes, prices of raw products, energy cost etc. etc. influence prices, not the question whether cash totals are rounded up/down or not.</p><p><br /></p><p>Just my two, errm, zero cents. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 291807, member: 39"]From what I know (e.g. Denmark, Netherlands) rounding does not have an inflationary effect. All you do is round the total amount, not the price of any single item. Totals are rounded up or down, whatever is closer, e.g. if your smallest unit is a 5 cent piece, it would be 8/9/0/1/2 -> 0 and 3/4/5/6/7 -> 5. And usually it affects cash payments only anyway. Sure, some merchants might try and use the introduction of such rounding rules to increase prices - except that in competitive markets that would be somewhat difficult. Increasing wages, taxes, prices of raw products, energy cost etc. etc. influence prices, not the question whether cash totals are rounded up/down or not. Just my two, errm, zero cents. :D Christian[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Should Australia eliminate 5c piece?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...