2007-02-16 00:05:49 · 24 answers · asked by Martin W 1 in Business & Finance ➔ Other - Business & Finance
All crappy car companies would go bust mate.
2007-02-16 02:53:12 · answer #1 · answered by Sluugy 5 · 0⤊ 0⤋
It would gomental for a short while and then settle down.
You wouldnt all be able to buy cars and houses because the supply would run out
For example, say there are 1000 houses for sale, these would all be bought very quickly. After that there are no more houses to buy until untill someone sells theirs or another one is made. To get a house you might have to say 'Ill pay my £1.37, and as an incentice for you to sell me it, Ill give you a £1.37 Sofa for your new house' - and the effective price of the house doubles (even if its only cost £1.37)(This happens in Spain, the selling price of the house is so much but there is oftena cash bung tothe old owner as a tax fiddle - the tax man gets told the lesser amount)
So I think for a few hours people would go mad, then it would settle down and to get anything you would have to buy it and barter for it. Wages and things wouldnt change much because people would still spend the same amount.
2007-02-16 00:19:09 · answer #2 · answered by whycantigetagoodnickname 7 · 0⤊ 0⤋
Then the world would be a MESS... coz if everything in this world was 1.37 pounds then everyone would but like 20 cars and have everything they want coz it's so cheap. But it would be good if everything was 1.37 pounds for 12 hours a year.
:)
2007-02-16 00:10:03 · answer #3 · answered by OnlyImagine12 2 · 0⤊ 0⤋
I'd live in a cardboard box because if everything cost £1.37 I wouldn't even be able to afford all the nails to build my dream log cabin with!
2007-02-16 00:09:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
We could look forward to a new £1.37 coin.
2007-02-16 00:09:18 · answer #5 · answered by Anonymous · 3⤊ 0⤋
We Would all drive Rolls Royces and grow Potatoes. Until the entire Western Capitalist system collapsed and we all ended up living in caves
2007-02-16 00:08:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It means that the £1.37 police would always be watching us.
2007-02-16 02:30:36 · answer #7 · answered by Anonymous · 0⤊ 1⤋
There would be be a huge surge of demand for goods which were previously expensive, and big queues outside the Ferrari dealership.
2007-02-16 00:09:31 · answer #8 · answered by Anonymous · 1⤊ 0⤋
We could exchange everything one-for-one, I could trade you a kernel of corn for your house or bike if you would agree to trade. If people did not agree to trade at that rate, the economy would collapse.
2007-02-16 00:14:32 · answer #9 · answered by jelesais2000 7 · 0⤊ 0⤋
Why 1.37 Sterling????
2007-02-16 00:13:40 · answer #10 · answered by Anonymous · 0⤊ 1⤋
I`d buy a house in every street.
2007-02-16 00:12:02 · answer #11 · answered by Anonymous · 0⤊ 0⤋