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Is the snake an answer?
- Source :
- Forbes; 2/27/1984, Vol. 133 Issue 5, p36-42, 3p
- Publication Year :
- 1984
-
Abstract
- The article focuses on the impact of the high value of the American dollar as compared to other currencies, on the economy of the U.S. Today's distended exchange rates virtually subsidize the sale of foreign products to U.S. markets. Say it costs 5,000 Deutsche marks (DM) to manufacture something and to ship it from West Germany. When the DM was at 60 cents, the manufacturer needed to charge $3,000 in the U.S. to break even. But with the DM at 36 cents, as it has been recently, the German manufacturer breaks even at $1,800. At the old price of $3,000 he makes a hefty profit.
- Subjects :
- UNITED States economy
U.S. dollar
FOREIGN exchange rates
MARK (German currency)
Subjects
Details
- Language :
- English
- ISSN :
- 00156914
- Volume :
- 133
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Forbes
- Publication Type :
- Periodical
- Accession number :
- 18032884