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Re: A worth of a dollar???
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Posted by Red Dave on December 30, 2004 at 17:03:46 from (18.104.22.168):
In Reply to: A worth of a dollar??? posted by KatG on December 30, 2004 at 16:50:52:
A U.S. Dollar is, by definition, always worth one U.S. Dollar.
The buying power of a Dollar varies up and down with inflation.
How many units of a foreign currency (such as a Pound, Euro, Peso, etc.) a Dollar will buy varies up and down with international exchange rates.
Lately, the Dollar (U.S.) has been down in relation to the Euro and other currencies. This is good if you are exporting goods to other countries, but it isn't good for the price of those things we import from abroad.
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