Question

How does the value of a Panamánian balboa compare to that of a U.S. dollar, and why is this so? Write in 5th graders response in 3 sentences

Answer 1

The Panamanian balboa is worth the same as a U.S. dollar, meaning 1 balboa equals 1 dollar. This is because Panama uses the U.S. dollar alongside their own money, so their money is based on the value of the dollar. This makes it easier for people in Panama to trade and buy things, just like in the United States!