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In 2007, FedACH processed about 37 million transactions per day with an average aggregate value of about $58 billion. For comparison, Fedwire processed about 537,000 transactions valued at nearly $2.7 trillion per day in the same year. [1] Unlike Fedwire, which processes transactions in real-time, FedACH is a batch processing-based system. The ...
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Seigniorage is the positive return, or carry, on issued notes and coins (money in circulation). Demurrage, the opposite, is the cost of holding currency.. An example of an exchange of gold for "paper" where no seigniorage occurs is when a person has one ounce of gold, trades it for a government-issued gold certificate (providing for redemption in one ounce of gold), keeps that certificate for ...
The HP-65 had an issue/design flaw whereby storage register R9 was corrupted whenever the user (or program) executed trigonometric functions or performed comparison tests; this kind of issue was common in many early calculators, caused by a lack of memory due to cost, power, or size considerations.
The standard way to invest in gold is to purchase gold bullion, which typically comes in the form of minted gold bars or rounds — CBS appears to have used the wrong term for rounds.
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