Klarinet Archive - Posting 000054.txt from 1997/08

From: clarinat@-----.com (Nathaniel Johnson)
Subj: Re: British pound -Reply
Date: Sat, 2 Aug 1997 22:43:23 -0400

I was in England 2 years ago and found that the number of pounds that it
cost to buty something there was very close to the number of dollars it
would cost to buy something here. The problem was the exchange rate. A
McDonalds lunch that would cost 5 dollars here would cost 5 pounds there,
but you had to exchange $7.50 to get those 5 pounds. Such is the price
of world travel >:-(

-N=

On Sat, 2 Aug 1997 17:14:57 -0400 (EDT) DYungkurth@-----.com writes:
>Robin Fairbairns replied tto the following note:
>
>> On the subject of British pounds, I noticed that in London the price
>of a
>CD
>> is about 60% higher than it is in the states. IOW, what is $14 here
>is 14
>> pounds in the UK, and many of these CDs are produced in the UK. Why
>the
>big
>> difference?
>
>>>I think it's to do with market size. And the fact that they seem to
>>>be able to get away with it. (cut)
>
>As an American who lived in England for two years (quite a while ago)
>I had
>trouble understanding the high cost of things, whether imported or
>domestic.
> My feeling is that England is a "seller's" market and the U.S. is a
>"buyer's" market. On some items higher taxes also play a part, but I
>think
>it is largely lack of competition.
>
> Don Yungkurth (DYungkurth@-----.com)
>
>

   
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