The owner of the local bank found a $50 bill lying in the gutter: he picked it up and made a note of its serial number. Later that day his wife mentioned that they owed the butcher $50, so the banker used the bill he'd found to settle up with the butcher. The butcher used it to pay a farmer: the farmer in turn used it to pay his feedstock supplier: and the feedstock supplier used it to pay his laundry bill. The laundryman used it to pay off his $50 overdraft at the local bank. The banker recognized the bill as being the one he had found in the gutter, but also noticed, on closer examination, that it was a fake. By now. it had been used to settle $250 worth of debts.
What was lost as a result of this series of transactions, and by whom?
2007-02-08 07:42:48 · 11 answers · asked by ghc5417 3 in Entertainment & Music ➔ Jokes & Riddles
Since the counterfeit note was used in every transaction, they are all invalid. Therefore, everybody stands in the same position to his/her creditor as before the banker picked up the counterfeit note.
2007-02-08 07:52:21 · answer #1 · answered by Poker_Chick 2 · 1⤊ 1⤋
Since money is inherently just a promise, no one lost anything.
Not even the banker (I am equating the banker with the bank) since he found the money to start with. If you separate the banker from the bank then the bank lost money (the actual cost of the overdraft, not what the bank charges).
Whether the money is real or not makes no difference until someone says "This is not real".
2007-02-08 07:59:35 · answer #2 · answered by deepndswamps 5 · 0⤊ 0⤋
What was lost? A counterfeit $50 bill.
Fear not. It was also found. In the gutter. By the banker. True.
2007-02-08 08:53:08 · answer #3 · answered by Chris 4 · 0⤊ 0⤋
i guess u could say that the laundryman lost $50, cuz hes the only one who has to pay it back. but more likely, the first guy lost the $50, i dont think everyone lost the $250 (total), but they did all settle
2007-02-08 09:47:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
$250 was lost by the banker or the bank because the banker was who found the fake $50 and spent it, passing it on till it finally reached him again.
2007-02-08 08:51:24 · answer #5 · answered by Nikki 2 · 0⤊ 0⤋
Only the banker, as the owner of the banker, was out $50.00 as he was the one who detected the bill as being non-legal tender. The banker could not tender the money to absolve the overdraft.
2007-02-08 07:49:25 · answer #6 · answered by Kerry 7 · 1⤊ 0⤋
the laundryman lost out, b/c once the banker realized it was a fake, he couldn't allow the laundryman to use it to pay his overdraft.
2007-02-08 07:57:40 · answer #7 · answered by Ground Xero 4 · 0⤊ 0⤋
Everyone lost money except the man that found the money in the first place!
2007-02-08 07:49:29 · answer #8 · answered by *Green Eyes* 4 · 0⤊ 1⤋
250 dollars was lost, by the bank (or the US government; which ever you prefer; they're basically the same.)
2007-02-08 07:48:40 · answer #9 · answered by Anonymous · 0⤊ 1⤋
3. double shot 1. ??broken cases?? ?? broken the top case?? 1. ??broken the number one case 6. ?? the fifith round is up?? 2.? you are missing a vowel?
2016-05-23 22:09:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋