I went with the $1 bill, leaned into the cost-to-produce argument and digital payments trends.
Treat this as a product prioritization exercise: define the 'job to be done' of each denomination, then evaluate which one delivers the least unique value relative to its costs. Pick a defensible answer (e.g., the penny) and justify it with user impact, economic efficiency, and strategic trade-offs, while acknowledging counterarguments.
Pro tip: Show product sense by framing the decision around user segments and use cases (e.g., cash-reliant vs. digital-first users) rather than just cost savings; this demonstrates empathy and strategic thinking.
State that the objective is to optimize the currency system for efficiency, usability, and overall societal benefit. This sets a product-centric lens.
Identify the primary use cases and user segments for each bill (e.g., $1 for small transactions, $2 for rare use, $100 for savings). Highlight which denomination has the least unique utility.
Compare production costs, lifespan, counterfeiting risk, and impact on cash-dependent populations. Use data if possible (e.g., penny costs 2.1 cents to make).
Choose one denomination (e.g., the $1 bill) and argue why its removal would cause minimal disruption while yielding benefits like reduced costs or streamlined transactions.
Acknowledge potential downsides (e.g., inconvenience for small purchases) and propose mitigations (e.g., increased use of $1 coins or digital payments).
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.