Sam and Pam, two friends, both arrived in the United States as immigrants from the country of Quadora. Each one wanted to buy a house, and it so happened they each found one for sale by a certain wealthy man. Both houses were priced at $ 100,000 Sam arrived with 500,000 quadros, the currency of Quadora, and Pam arrived with 1,000,000 quadros.
They knew quadros were not worth one dollar apiece, but they assumed they would be able to exchange the quadros for at least enough to buy a house. However, Quadora had been ravished by hyperinflation, and the quadro had been debased until it was…
Subscriber Content
Get Full Access Today
Interested in viewing our resources? Try our 7-day free trial.