The conversation between human and AI assistant.
Currencies: If a ten-year-old asks me why a US Dollar costs 60 INR, how should I explain it?
Can you explain a little more about inflation and supply and demand?
Inflation is the increase in the overall price level of goods and services in an economy over time. If a country has high inflation rates, its currency loses value against other currencies. When it comes to supply and demand, if there is a high demand for a currency, its value will increase. Similarly, if the supply of a currency is high, its value will decrease.