The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: DuckTapeSunroof who wrote (10057)	3/28/2009 8:40:09 AM
From: Wayners	Read Replies (1) of 103300

I have another economic conundrum for you. Let's say the market free floating exchange rate of one currency against another is 1 ooplek for 2 zabos. In the country of ooplek the cost of a price of bread is 1 ooplek. Does this mean that the cost of bread in zabos is 2 zabos. I think the answer is no, but I can't really explain why. It seems to me that the free floating currecy rates are often wrong based on this in order to promote or discourage certain trade actions between countries. Seems to me it would a slam dunk to arbitrage the system and automatically make money.

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