If I have 100 USD and I go to a bank somewhere in Europe and ask for an exchange in euros, how do they just accept it?
Like here’s my paper money that’s technically worthless to you, now give me your paper money that’s valuable to you.
In: Economics
>Like here’s my paper money that’s technically worthless to you, now give me your paper money that’s valuable to you.
If it was worthless to them they wouldn’t accept it.
They accept it entirely because it has some degree of value, and they can take advantage of the demand for that currency that *someone* has, and charge a fee for exchanging currencies.
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