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Military discount . A discount offered to customers who are or were members of a military service. Types of military discounts include discounts for active-duty military, veterans, retired military personnel, and military spouses or dependents.
The public paid ¾ of the face value of a war bond and received the full face value back after a set number of years. This shifted their consumption from the war to postwar and allowed over 40% of GDP to go to military spending, with moderate inflation. Americans were challenged to put "at least 10% of every paycheck into Bonds".
In 2015, out of its budget of $3.97 trillion, the US spent $637 billion on the military. In 2016, the US spent 3.29% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.26% and less than Saudi Arabia 's 9.85%. [133]
To reduce profiteering from such currency arbitrage, the U.S. military devised the MPC program. MPC were paper money initially denominated in amounts of 5¢, 10¢, 25¢, 50¢, $1, $5, and $10. A $20 note was added in 1968, during US involvement in the Vietnam War.
Peloton. Peloton is cutting the price of its digital memberships for students, healthcare workers, teachers, first responders, military and military families. The service usually costs $12.99 per ...
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