The fiscally decentralized United States, under the common dollar of Alexander Hamilton, operated under these classic checks and balances for many prosperous decades.
What these companies have in common is sensitivity to the dollar.
Fourth, transaction costs are lower because the need for each trading partner to purchase a common currency such as the dollar or the euro is eliminated.
The Price to Book ratio is a formula that represents the most recent share price of a company compared to its book value per share (the residual dollar value for common shareholders after assets are liquidated and all debtors are paid).
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Eight small islands share a central bank and a common currency, the Eastern Caribbean dollar, pegged firmly since 1976 to the American greenback.
Sustained periods of real 4% growth were common before the final link between the dollar and gold was severed in 1971.
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Absent a common currency in the form of the dollar, the U.S. would still be a rich country, but far less vibrant for all the wasted effort necessary to facilitate interstate trade given 50 different floating money concepts.
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And since 2001, the US dollar is the country's common currency.
The two neighboring countries of Lebanon and Israel have been at odds for years, but they have one thing in common: the highest concentration of billionaires per dollar of gross domestic product.
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The news in the US though, had a slightly more positive tone and this helped the dollar to stiffen up a bit against the common currency.
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After three years of lagging, Europe's 12-nation common currency, the euro, is at parity with the dollar.
He adds that another big benefits of this sort of collectible is that, unlike art or wine, which can be very expensive to store and insure, the notes and documents that he does not keep at home can be stored in archival folders in a common bank safety deposit box and insured for pennies on the dollar.
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In a bear market the convert holds up better than the common stock, but in a bull market it will not rise dollar for dollar with the stock.
The resulting problem, of course, is that multi-million dollar operations with hundreds of employees have absolutely nothing in common with the real small businesses we all tend to think of.
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He used his common sense and the advice of agricultural economist George Warren to devalue an artificially overvalued dollar to counteract a crippling deflation of commodities prices and get the economy and employment moving again.
But something tells me that, nowadays, Constitutional interpretation is much less of a common-sense slam dunk for the average American than the simple conceptual problems stuffed into that trillion-dollar coin.
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The one-to-one link between the peso and the dollar has restored some faith in recent years, removing the thousand-per-cent inflation common before the 1990s, but at the cost of exports which are priced out of their target markets.
For once, American tourists have something in common with international currency traders: This summer, they are all wondering how the Greek financial crisis will impact the dollar.
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