Why is the sell price always higher than the buy price?

Mathematics

2 answers:

Marina CMI [18]3 years ago

8 0

Answer:

Currency numeric Value is always worth different in another country

Step-by-step explanation:

When talking about Currency you have to understand that the United Nations has not set up a universal currency yet, so countries are still using the currency that they started using hundreds of years ago.

In the example of exchanging Yen to USD. In numeric value 1 Yen is worth about $0.0093 USD.

Whereas USD to Yen the exchange rate is 1 USD is about 106.99 Yen. Because of the United States value to the 1 dollar bill.

Anit [1.1K]3 years ago

6 0

Answer:

Sell price is not always higher than the buy price.

When there is profit, sell price is higher than the buy price.

When there is loss, sell price is lower than the buy price.

Step-by-step explanation:

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