QUESTION IMAGE
Question
check for understanding 1 of 3
answer the question correctly to continue reading
why did the u.s. mint decide to stop producing pennies?
a to increase the value of the dollar.
b to save money.
c to make room for new coin designs.
d because pennies were too heavy to carry.
submit
The U.S. Mint's decision to stop producing pennies is primarily due to cost - production of a penny costs more than its face value (1 cent), so stopping production saves money. Option A is incorrect as stopping penny production doesn't increase the dollar's value. Option C is incorrect as new coin designs aren't the main reason. Option D is incorrect as the weight of pennies isn't a major factor in this decision.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
B. To save money.