Comments
MonkeyFaceMode t1_jaeyrsb wrote
Doing math about money (specifically buying stuff) will be easier
AdmiralBofa t1_jaf1fjh wrote
I'm fine doing rounding for the final total. Cheese can still be 6.99 and lunch meat can be 7.49, then when we add it all up, maybe $1 is close enough for a cash transaction. Or maybe we want to still use quarters. Electronic payments can stay ±1¢ because there's no additional cost or inconvenience.
The point is: pennies are stupid. In 1900, they made sense, but that's because in modern terms, you could buy as much for 3¢ as you can for a dollar today.
DanVasi OP t1_jaf1odq wrote
I agree and this is what I meant
tuotone75 t1_jaf218u wrote
People may spend slightly less. Apparently the .99 is a psychological thing to make people feel they’re spending less.
DanVasi OP t1_jaf28ch wrote
right, I heard about that fact
dgdio t1_jaez6dm wrote
Why? Are you expecting big inflation?
I don't use coins, I use electronic cards so it wouldn't matter much.
DanVasi OP t1_jaezk6y wrote
me too, but more exactly what is the purpose nowadays of cents? wouldn't it be simpler without them? would it have bad consequences on the whole economic system, etc? that is what I'm asking
I know that many years ago a lot of things were cheaper and you could buy them for cents but nowadays everything is 3$, 8$ and upwards
Unleashtheducks t1_jaezjvp wrote
How much would a pack of gum cost?
DanVasi OP t1_jaezwpb wrote
good point; I'm thinking maybe all really cheap stuff would be put in a category starting from the bare minimum of 1$
toubouc t1_jaezvem wrote
Why not stop using dollars? It costs 680 cents or 699 cents
monkeybawz t1_jaeywfe wrote
Well for starters, I don't see anyone rounding prices down.