December 06 2010
Word of the Week: Seigniorage
SEIGNIORAGE: The cost difference between the metals, plus minting expenses, and the face value of a coin. [After French seigneur, a feudal lord, as the sovereign pocketed this sum.]
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December 06 2010
SEIGNIORAGE: The cost difference between the metals, plus minting expenses, and the face value of a coin. [After French seigneur, a feudal lord, as the sovereign pocketed this sum.]
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