Presentation on theme: "Computer Science 313 – Advanced Economic Topics. Is This a Check or Money? Currency issued by Bank of the United States Once we figure that out: how."— Presentation transcript:
Computer Science 313 – Advanced Economic Topics
Is This a Check or Money? Currency issued by Bank of the United States Once we figure that out: how much was it worth?
Silver Standard Is Best While now illegal, how much was this worth?
Silver Standard Is Best While now illegal, how much was this worth? WHY?
Other Currency Standard What was value of these denominations? Notes on gold standard used by banks in late 30s
Other Currency Standard What was value of these denominations? Federal reserve note from early 30s
How Much Is This Worth?
When ordering online, pay $ per check Under $0.01 of pen ink used on the check At cheapest, check worth little over 3.5 cents $0.15/check for really fancy ones I found Would need to supply your name & address Bank name & account number needed for this too
Generous Offer Following offer open to all students in class: I will trade $0.16 for your next signed paycheck My offer is VERY serious with contract ready Probably not high quality, expensive type of check Without additional value, you will end up richer
Patterns In Real-Life Usually worth more than their components They are both implementations of proxy pattern Checks are remote proxies, but in the real-world See working of virtual proxy with old U.S. currency Consider definition of the word "Proxy" Ally or friend whom you give power to work as if they were you; Agent;Substitute
Remote Proxy in Action Signed check is deposited into your account Client sees bank give them cash, but more needed To get cash, bank must follow several steps Image of useless paper made at local bank branch Bank then has image sent to local clearinghouse Request routed to source bank for approval Other bank has check amount deducted from account Approval sent to clearinghouse as electronic transfer Clearinghouse has result sent back to your bank
Remote Proxy Example
Remote Proxy Picture
Virtual Proxy Silver & gold standard currency virtual proxies Bills still (nearly) worthless paper & ink creation Fed reserve banks kept vaults of gold and silver Trade for bill for gold/silver at any of these banks This is simpler proxy, no 3 rd party needed!
For Next Class Lab due Friday before noon Still have 1 hour! Last lab available now on Angel Continue reading on our last design pattern