What is Currency Exchange?

The video follows a family's holiday in Spain, where they learn about currency differences and the need for currency exchange. The narrator's dad explains what currency is, how exchange rates work, and the importance of notifying banks when using cards abroad. The video also touches on online shopping and currency symbols, providing a practical understanding of how currency exchange affects everyday transactions.

What did the narrator's mom forget to do before their trip to Spain?

• Change their money

• Buy travel insurance

• Pack their clothes

• Book the hotel

Why do different countries use different currencies?

• To make travel more exciting

• To increase the value of their money

• To confuse tourists

• Because each country has its own economic system

What currency is used in America according to the narrator's dad?

• Euro

• Pound

• Yen

• Dollar

What does the exchange rate determine?

• The price of goods in a foreign country

• The amount of another currency you get for one unit of your currency

• The best time to travel

• The cost of a plane ticket

How does the bank help when buying things online from another country?

• It charges extra fees

• It provides a discount

• It converts the price to the local currency

• It blocks the transaction