-Aug-
18
True Value of a Dollar – What’s Changed from Sydney to Athens to the Beijing Olympics?
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If asked, “How much is a dollar worth?” there are probably a number of responses that immediately jump to mind. Perhaps some would go the mathematical route by saying, “four quarters,” “ten dimes,” “twenty nickels,” or “100 pennies.” Others may relate the value of a dollar to the price of things they buy frequently, responding, “about the price of a cup of coffee,” “a quarter of a gallon of gas,” or “about 6.8755 Chinese Yuan.”
Now think back a few years to what your answers would have been in 2004 or even 2000. With the Summer Olympic Games in Beijing upon us, let’s use the Olympics as a time marker. Clearly the first set of answers – “four quarters,” “ten dimes,” “twenty nickels,” or “100 pennies” – would remain the same. But what about the second, more qualitative set of answers?
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