2006-10-05 01:40:40 · 5 answers · asked by lsvettek 2 in Social Science ➔ Economics
the english pound is valued at the fixed assets it holds eg. gold, properties worldwide. Anything on any kind
the U.S dollar also holds some fixed assets but it's based more on liquid assets such as foreign liabilities and trade eg. oil mainly and these assets fluctuate in prices according to time and space so the uncertainties in price change makes the U.S dollar less reliable than the british pound thus the weaker value....i think
2006-10-05 01:59:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I never did understand the statements of one money being weak against another.
I don't care what the anyone elses money does. I only care what MY money does in MY country. If I travel then I convert my money to that particular country's money then go shopping.
All in all the "against" thing means nothing to the public. Politics only wants you to think about it so some people have more to bltch about at morning coffee time!
2006-10-05 19:18:41 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
Because pound is a measurement for weight, but the dollar is just a figment of commercial imagination.
2006-10-05 08:45:49 · answer #3 · answered by J L 3 · 1⤊ 0⤋
coz London is the centre of the world, obviously
2006-10-05 08:51:34 · answer #4 · answered by finddaveluis 2 · 0⤊ 0⤋
because of waaaaaaaaaaaaar
2006-10-05 08:42:20 · answer #5 · answered by micho 7 · 0⤊ 0⤋