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The reference point for something that is $19.98 would be $20. This leads the just-below price to be seen as involving a gain, thus making it feel like a better deal. Consumers ignore the least significant digits rather than do the proper rounding.
The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. The dollar is the most widely used currency in international transactions, [4] and a free-floating currency.
A military airlift immediately began shipping relief supplies to Alaska, eventually delivering 2,570,000 pounds (1,170,000 kg) of food and other supplies. [35] Broadcast journalist, Genie Chance , assisted in recovery and relief efforts, staying on the KENI air waves over Anchorage for more than 24 continuous hours as the voice of calm from her ...
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