Hi there , I was going to the money exchange center and there are lots of them there , it states for example " we buy 1.50 " and " we sell 1.60 " , like to know how does this work , is it the lower the better when we but and the higher the better when we sell back to them . Many thks and have a nice day
2007-10-16 18:47:39 · 1 answers · asked by Knight S 2 in Business & Finance ➔ Personal Finance
Stop thinking Buying & Selling money, start thinking Apples (or Oranges) ...
What they are saying is, we will Buy your Apples for 1.50 and we will Sell our Apples to you for 1.60 ...
Now (plainly) you would like them to BUY your Apples at the best (higher) price and SELL their Apples to you at the best (lower) price ?
(For EURO's I think 'Elephants' .. if you ever see two kids running around Heathrow shouting 'Elephants are cheaper here daddy' you will know I'm leaving town :-) )
2007-10-16 20:26:00 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋