money on Scrooge's bin

Wilmer Rivers rivers at seismo.CSS.GOV
Mon Apr 4 01:33:56 CEST 1994


John M. Baker writes:
> Why doesn't Scrooge just put 
> his money in banks and receive a return on his investment?  Although the 
> emotional meaning of the money to him should not be discounted, it also 
> cannot be the whole story.  One answer is that the money has a tangible 
> value as an investment, because of the scarcity of the coins and bills on 
> the collectors' market; banks would not give him credit above the face 
> value, and extensive sales to collectors would depress the market.  
> Second, bank deposits are insured only to the first $100,000, and Scrooge 
> is undoubtedly concerned about safety.)

And third, Scrooge himself undoubtedly owns the bank!  Do you think he's
about to pay himself interest?

Wilmer Rivers



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