Currency Exchange Test
Quiz
•
Mathematics
•
8th Grade
•
Practice Problem
•
Medium
Standards-aligned
Louisa Mior
Used 14+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an advantage of converting cash in your home country before a planned vacation?
A service charge of $5
You can monitor exchange rates and attain more exchanged converted cash when the exchange rate drops low
You pay an ATM fee
You will not know how much of your own money you are spending
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a disadvantage of using your Credit Card to make foreign payments?
You do not know the current exchange rate
You may overspend because you do not see money in front of you
Your credit card might be “frozen” or flagged for fraud
All of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When using a Debit Card to make a purchase in a foreign country, you get charged an additional transaction fee
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To convert money into cash, you need to own the money (via cash or savings in your bank account)
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which currency exchange rate would yield you the greatest amount of foreign currency?
1 CAD = 0.64 Euro
1 CAD = 23 Thai Baht
1 CAD = 57 Indian Rupees
1 CAD = 12 Egyptian pounds
Tags
CCSS.6.RP.A.3B
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You would like to convert $500 CAD into Turkish Lira. The exchange rate is 1 CAD = 5.60 Turkish Lira. How many Turkish Lira will you have?
5600 Turkish Lira
2800 Turkish Lira
280 Turkish Lira
560 Turkish Lira
Tags
CCSS.6.RP.A.3B
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
You would like to convert your leftover money from your trip to China. You have 1000 Chinese Yuan that you want to convert into CAD. The exchange rate is 1 CAD = 5.26 Chinese Yuan. The bank charges a service fee of $10. How many CAD will you have?
$5250
$180.11
$190.11
$5260
Tags
CCSS.6.NS.B.3
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