The Future of the Penny in the US

Why has President Trump announced the halt of new penny production?

• To increase the value of existing pennies

• Because pennies are rarely used

• Due to the high cost of production

• To align with Canada's currency policies

What is one potential outcome if pennies are phased out?

• Cash transactions will become slower

• Prices might be rounded to the nearest 5 cents

• New coins will be introduced

• The value of the dollar will decrease

Who has the final authority to discontinue the penny?

• The US Treasury

• The President

• Congress

• The Federal Reserve

What could happen to the value of existing pennies if no new ones are made?

• They will be collected by the government

• They will become worthless

• Their value could increase

• They will be replaced by new coins

What is a possible future consideration for nickels?

• They will be used more frequently

• They could also be discontinued

• They might be made of cheaper materials

• Their production cost will be reduced