Currency Exchange Test

Currency Exchange Test

8th Grade

9 Qs

quiz-placeholder

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Currency Exchange Test

Currency Exchange Test

Assessment

Quiz

Mathematics

8th Grade

Practice Problem

Medium

CCSS
6.RP.A.3B, 6.NS.B.3, 6.RP.A.3D

Standards-aligned

Created by

Louisa Mior

Used 14+ times

FREE Resource

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9 questions

Show all answers

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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