Did you Know?

 

…That the U.S. Mint and the Bureau of Engraving and Printing work as manufacturing plants and their only customer is the Federal Reserve Bank?

 

 

 

 

 

 

 

 

 

 

Exchange Rate

     Currency has different value in different countries. When entering a new country you usually have to get trade your currency for new one. You may get either more or less banknotes because or the value in their country. Such as when traveling from Vietnam to the United States, you will get more banknotes but when you travel from United States to Vietnam you will have less banknotes. The reason for this is the Viennese Dong value is less than United States. Many people go to other countries after retirement to become richer.

     Many things determine the value of the currency. One thing that determines the value is how much the government’s prints. The more the government prints the lesser the value of a banknotes are worth. Another thing that determines the value of banknotes and coins are economy difficulties. As time goes by the value of currency increases as well as the value of goods and services. Such as during the Great Depression the value of the United States Dollar was very low making all goods and services low. Kids were able to buy a whole Hershey bar for a dime. In todays, time the value of a chocolate bar multiplied by seven. The value of currency can easily change.

 

 

 

 

 

 

 

 

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