Usborne for Beginners - Currencies

Money is the same everywhere.

• Yes.

• No.

What do you need to know to exchange one currency for another?

Where can you exchange one currency for another?

• a. at a foreign exchange bureu

• b. at a bank

• c. at a post office

• d. all of the above answers

Why are time and date shown on the exchange rate boards?

• a. In case people do not remember the date.

• b. It helps them attract customers

• c. Because exchange rates change all the time

• d. None of the above is correct.

How many letters do currecy code names have?

• 3

• 4

• 2

• 5

How do the foreign exchange bureaus make money?

• a. by showing the exchange rates everyday

• b. by buying currencies at one rate and selling them on for a higher rate

• c. by getting as much as US dollas as they can

• d. by making the exchange rate higher everyday

What does the currency’s value depend on?

• a. how many people want it

• b. the values of other currencies

• c. how well the bank makes money

• d. None of the above is correct.

The more people want a currency, the lower its value.

• True

• False

If the value of a currency has been _______ and it’s expected to rise futher, it’s said to be a strong currency.  

If the value of a currency has been _______ and it’s expected to fall further, it’s said to be a ____ currency. 

• a. falling, strong

• b. rising, strong

• c. rising, weak

• d. falling, weak