As recently as 2007,the amount of seigniorage on a U.S.penny is ________,and the amount of seigniorage U.S.paper fiat money is ________.

Question

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Seigniorage on a U.S. penny was negative in 2007 because the cost to produce a penny exceeded its face value. For U.S. paper fiat money, seigniorage is positive because the cost of producing paper money is much lower than its face value.

As Recently as 2007,the Amount of Seigniorage on a U