Monday, November 1st, 2010

1. Please read the Sarah Peters case study in your economics book - pages 110-113

2. 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?