I have heard the saying said that the dollar is worth about 45 cents. What dose that mean?

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I have heard the saying said that the dollar is worth about 45 cents. What dose that mean?

Is that a taxation or a priecs term for it?

2006-10-18 04:23:36 · 2 answers · asked by Green Nabradly 2 in Business & Finance ➔ Other - Business & Finance

2 answers

If I remember correctly, that refers to the various deductions that are taken out of your earnings... meaning that although you "earned" a dollar, you will only receive "45 cents." The ratio was not meant to be literal!

2006-10-18 04:37:33 · answer #1 · answered by LadyDragon 3 · 0⤊ 0⤋

I believe that it refers to the trading power that it has internationally.

2006-10-18 04:25:31 · answer #2 · answered by ShacklesOff.com 3 · 0⤊ 0⤋