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How Much Will It Become?

💱 Money is different in different countries. The rate for exchanging it is the exchange rate, meaning how many won it costs to buy «1 dollar». Move the handles to change the exchange rate and the money exchanged, and see how the dollars you receive are decided. Exchange back to check that you return exactly to where you started — exchanging money itself doesn’t create or destroy money. 📉 But here’s the tricky part: when the exchange rate has «risen», the number is bigger, which may sound good, but it means 1 dollar costs more, so the same amount of won buys fewer dollars. Paying more won for a toy that still costs 20 dollars is another way to see the same thing — the won has «weakened». 🧳 Finally, choose who wins and who loses in four situations: travel, exports, studying abroad, and foreign visitors. The key question is simple — are you the one «paying» dollars or «receiving» them?

#money#economy#exchangerate+4
by Anonymous1🍴 0