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$ 1 ⁄ 8 or 1 silver real was 1 "bit". [1] [2] With the adoption of the decimal U.S. currency in 1794, there was no longer a U.S. coin worth $ 1 ⁄ 8, but "two bits" remained in the language with the meaning of $ 1 ⁄ 4. Because there was no 1-bit coin, a dime (10¢) was sometimes called a short bit and 15¢ a long bit.
An investor that sells an asset short is, as to that asset, a short seller. There are a number of ways of achieving a short position. The most basic is physical selling short or short-selling, by which the short seller borrows an asset (often a security such as a share of stock or a bond) and quickly selling it. The short seller must later buy ...
1972: pegged to the US dollar, US$1 = HK$5.65; 1973: US$1 = HK$5.085; 1974 to 1983: The Hong Kong dollar was floated; October 17, 1983: Pegged at US$1 = HK$7.80 through the currency board system; May 18, 2005: A lower and upper guaranteed limit are in place at 7.75 to the US dollar.
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Flow of dollars in the riddle – comparing the sum of values circled in yellow (10+10+10=30) with the sum of absolute values of those shaded yellow (9+9+9+2=29) is meaningless. The missing dollar riddle is a famous riddle that involves an informal fallacy. It dates to at least the 1930s, although similar puzzles are much older. [1]
A percentage point or percent point is the unit for the arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points (although it is a 10-percent increase in the quantity being measured, if the total amount remains the same). [ 1 ]
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Friedman's Money Supply Rule vs. Optimal Interest Rate Policy; Model Uncertainty and Delegation: A Case for Friedman's k-percent Money Growth Rule; A K-Percent Rule for Monetary Policy in West Germany; Rules, discretion and reputation in a model of monetary policy, Robert J. Barro, David B. Gordon; Discretion versus policy rules in practice ...