Why is our money worth more than the dollar?

Question

British money? Is it because we are better ?

Answer 1

because the British secretly is the owner of america. American Independence is an illusion, slaves made to believe they are free, what better method of keeping slaves happy? almost every american president has blood relations to british royalty.

Answer 2

British money is not necessarily worth more then American currency. A dollar and a pound are just denominations. A unit of currency represents a unit of real resources, but how you devide the unit up it completely arbitrary. It has to do with how many dollars or pounds are in circuulation relative to the size of the economy.

Mexico a number of years back created the "new peso", where they just dropped two zerros off the end. Was there money suddenly worth more? Or there economy sudenly 100 times better? No. There was just less in cerculation. Each currency "unit" was just bigger now. Its like measuring a dollar is 100 cents. Do you use cents of dollars. It doesnt matter, they just are different portions. So a pound is a bigger denominiato then a dollar.

Similarly, when italy used the Lira, was Britain hundreds of times stronger then Italy, was the US? No. It was just the denomination.

The yen is another example.

What is important in the value of money is the relative change of one vs te other. The Pound has gained value relative to the dollar in the past few years. But throung the ninetees, the dollar gained value on the pound. There are a whole host of factors that effect the relative moves of one natios currency relative to another.

Answer 3

Purchase parity decides the exchange rate.If an item at an international shop cost one pound,or 2 dollars or150 francs or half a Euro,which one is more worth?In other words,if a worker gets paid 10 Dollars a day then,in British currency he shall be getting ,say,5 pounds or so.Does it mean that wages are lesser in Britain than in America.On the flip side,as of now,a pound is more stable than a dollar but it's not purchase parity question.

Answer 4

The value of money has nothing to do with how good a country and its economy is. The fluctuations of the value, maybe. But yeah, I think the British economy is more stable than the American.

Read up on INFLATION, for enlightenment.

^_^

Answer 5

no becasue america sufferd the terrorist attacks due to that its econmy went down

Answer 6

You British are more than very welcome to have some of our minorities.
If you're better, why don't you show us how to handle the "challenge" of diversity?

How many pounds are you willing to give away to taxes that support those who will not work?

Answer 7

ahaha yes!!! your fabulous