Title of article :
Optimal denominations for coins and currency
Author/Authors :
elser، نويسنده , , L.G. ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1995
Abstract :
Let all denominations have the same cost. Let transactions be any amount between 1 and (3k+1 − 1)/2. Since one can make change, the least expensive set of weights requires denominations that are powers of 3 from 1 to k.
Keywords :
Monetary standards , Monetary economics
Journal title :
Economics Letters
Journal title :
Economics Letters