THE TAXAIDER NEWSLETTER VOL 3, ISSUE 3 (March 2021)

First Thoughts:

Of Quarters and Pennies

“Hey there, can I have a quarter?”

This line is quite familiar with Americans who find themselves having to use the slot machine in a café, supermarket, office, bank reception etc. A quarter basically is a 25-cent coin that could come in handy for very basic and meagre expenses – a chocolate bar, a Coke can etc. A quarter is of course worth way more than a penny which is just once cent. Over the years like in every other economy in the world, the value of the ‘quarter’ has also greatly reduced, and it can hardly buy you anything of serious value. However, its value in the slot machine can hardly be ignored.

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