Check That Foreign Currency! (click to go to website)
- How many Saudi Arabian Riyals equals one US Dollar?
- 100 South African Rand equals how many US Dollars?
- Just one Hungarian Forint equals how many US Dollars?
- If a hotel room in Mexico City costs 5000 pesos a night, how much are you spending in US Dollars a night? How many US Dollars would you spend if you stayed 5 nights?
- Let’s say that you are a Zambian millionaire! You have two million Zambian Kwacha! Now, you come to the United States and how much can you really buy? Why? What are you really worth?
- Okay, now let’s say that you are a millionaire in the United States! You have one million dollars! Whoo! You go to Japan, what will you be able to do here? How much money will you have?
- If you have 1 US Dollar how many Bahamian Dollars do you have?
PART TWO - please read pages 114-119 in the economics book and be sure to know the answers to these questions tomorrow:
This reading is a followup to what we have been talking about in class. Most of the material you have read we have taken notes on. If you don't have these notes please see Mr. M.
Otherwise, please find the answers to these questions:
(Highlight all below and copy into a word document)
Money, Money, Money Lesson - Characteristics and Types
1. Make a column and explain the difference between personal checks and travelers checks.
2. Using the characteristics of money you learned - explain why a pig is not a good form of money.
3. What is Buying Power?
4. What is Currency?
5. The question regarding Credit Cards being a form of money is addressed - in one sentence what did you learn? What is a credit card?
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