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The real reason to eliminate pennies is that their feeble purchasing power means dealing with the coins, and making change to the nearest cent, is a uneconomic waste of time for consumers, retailers and small businesses.
Similar(59)
"Purchasing power is eroding.
But purchasing power's important.
Lower inflation is boosting consumers' purchasing power.
Yet local purchasing power is modest.
"Purchasing power is increasing quite rapidly.
Falling purchasing power adds to the pressure.
Consumer purchasing power has been harmed.
Purchasing power is in short supply.
They have incredible purchasing power.
The income figures represent real purchasing power.
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CEO of Professional Science Editing for Scientists @ prosciediting.com