Question

How does the value of a Panamánian balboa compare to that of a U.S. dollar, and why is this so? Write your answer in English. In 2 sentences and like a 9th grader.

Answer 1

The value of a Panamanian balboa is equal to that of a U.S. dollar, meaning 1 balboa is worth 1 dollar. This is because Panama uses the U.S. dollar as its main currency, and the balboa was created to work alongside it and is mostly used in coins.