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value not conversion.

2007-03-17 05:32:18 · 3 answers · asked by toine7294 1 in Social Science Economics

3 answers

It has the greatest value in the U.S. Although it has value everywhere, in the U.S. you are guaranteed to be able to spend it in exchange for any and all goods and services -- without arguing, without wasting money at a currency exchange, without paying a inconvenience premium. You can even use it to pay the taxes to the government.

All of those barriers reduce the value of the dollar elsewhere -- which is why it does NOT have the same true value universally. But in the U.S. you can spend it on a whim everywhere, with no delay. And that is what money is for.

2007-03-17 07:05:17 · answer #1 · answered by KevinStud99 6 · 1 0

It has the same value in all countries. It is like asking how much does a 1 kilo of lead weigh in various countries.

2007-03-17 05:58:54 · answer #2 · answered by don n 6 · 0 0

Cuba, and other countries that don't allow the dollar. The money becomes hard currancy, and the value is extreme because the supply is low.

2007-03-17 05:37:31 · answer #3 · answered by Santa Barbara 7 · 0 0

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