Friday, June 4, 2010
Exchange Rates
One of the lessons in teaching exchange rates to students rests on the fundamental economic issue of "compared to what?" A currency is "stronger" or "weaker" compared to what? Is that strength or weakness a reflection of one country, the other country or the countries compared to each other? Consequently, this little limerick by Dr. Goose speaks volumes.
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2 comments:
Tim,
I am glad to see that there is educational value in my verses - thanks for spotlighting it.
Dr. Goose
Dr. Goose,
My pleasure. Keep up the good work - anything that makes the Dismal Science a little less Dismal is okay by me.
Tim
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