View Single Post
Unread Mar 24th, 2007, 12:42 AM   #11 (permalink)
Pb
IRC Crew
 
Pb's Avatar
 
Join Date: Jul 2001
Location: 404
Posts: 2,063
Default

Quote:
Originally Posted by stub
On each transaction, the bureau gets a commission, hence why I thought they might become rich.
It kind of make sense, but I failed to get it when I try to think through the entire process:

Suppose the bureau agrees to change 1,000,000 Dinars for 10 Marks, taking a 10% commission (making a 1 Mark commission); but in actual physical property, they are out 10 Marks and they gain 1,100,000 Dinars in return, which turn to less that 11 Marks overnight. I can't see how they are making money in actual terms, unless they can quickly turn the Dinars into something else.
Pb is offline   Reply With Quote