selling a quarter for a dollar or more, isn't that a scam?
2006-06-21 21:47:06 · 6 answers · asked by double v 5 in Business & Finance ➔ Other - Business & Finance
Well When there are restrictions in any country on the amount of Foreign Currency one can carry then naturally people who want more foreign exchange have to resort to BLACK MARKET procurement of the foreign excahange ,Most foreign exchange dealers do trade like that.
2006-06-21 22:33:29 · answer #1 · answered by THATHA75 6 · 0⤊ 0⤋
we all "sell money"
when you depoit money in bank you are basially 'selling money"
but .25 for 1.00 is not reasonable
more like 1.05 for 1.00 but paying you back later
for more infromation
http://en.wikipedia.org/wiki/Interest_rate
An interest rate is the price a borrower pays for the use of money he does not own, and the return a lender receives for deferring his consumption, by lending to the borrower. Interest rates are normally expressed as a percentage over the period of one year.
2006-06-22 04:54:30 · answer #2 · answered by n K 4 · 0⤊ 0⤋
It's not a scam as long as buyer knows what exactly he is buying....no one is selling money by force !!!
2006-06-22 05:05:15 · answer #3 · answered by X P 3 · 0⤊ 0⤋
yes its a scam.
2006-06-22 05:02:12 · answer #4 · answered by jak4friends 3 · 0⤊ 0⤋
Sure, any bank do that everyday and I mean it.
Have fun !
Valer BOCA
2006-06-22 04:51:38 · answer #5 · answered by valer_boca 1 · 0⤊ 0⤋
It is a loan
2006-06-22 05:34:37 · answer #6 · answered by roy_s_jones 6 · 0⤊ 0⤋