Episode 28 of 60 · Financial Literacy: Cash Course
Currency II: Foreign Exchange
Grades 6th+
Economics · Financial Literacy — Economics & Financial Literacy · Economics — American Government · Economics — Economics & Financial Literacy · Financial Literacy · Captions
About This Video
Before you go on a big trip abroad, you’ll want to make sure you have the correct currency. In this episode of Cash Course, learn all about exchange rates between countries, where to request foreign currency, and how the value of a country’s currency impacts more than just international travel.
Standards Met in Ohio
- 6.E.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (entrepreneurship, human resources, natural resources and capital) used.
- 9-12.EFL.5Grades 9th, 10th, 11th, 12thMarkets exist when consumers and producers interact. When supply or demand changes, market prices adjust. Those adjustments send signals and provide incentives to consumers and producers to change their own decisions.
- AMG.9-12.21.lp.cGrades 9th, 10th, 11th, 12thEngage with currency
- EFL.9-12.13.lp.fGrades 9th, 10th, 11th, 12thIdentify a want.
- EFL.9-12.4.lp.dGrades 9th, 10th, 11th, 12thUnderstand that a market economic system uses individual choices of buyers and sellers to distribute resources through supply and demand.
- EFL.9-12.5Grades 9th, 10th, 11th, 12thMarkets exist when consumers and producers interact. When supply or demand changes, market prices adjust. Those adjustments send signals and provide incentives to consumers and producers to change their own decisions.
- SS.6.15Grades 6thThe interaction of supply and demand, influenced by competition, helps to determine price in a market. This interaction also determines the quantities of outputs produced and the quantities of productive resources (e.g., entrepreneurship, human resources, natural resources, capital) used.