Some cities are launching their own currency to boost local business

Some cities are launching their own currency to boost local business

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

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The video discusses the concept of local currencies, using Lewis in Sussex as an example. Local currencies like the Lewis Pound aim to keep money within the local economy by acting as vouchers for local businesses. They are seen as environmentally friendly and a counter to globalization. The video also explores the potential for local currencies in larger cities like Birmingham, highlighting the success of the Bristol Pound. The idea aligns with regionalism and localism, suggesting it could be a popular political move.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the Lewis Pound?

To keep money within the local economy

To act as a legal tender

To replace the British Pound

To be used internationally

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do local currencies contribute to environmental sustainability?

By promoting online shopping

By encouraging the use of plastic money

By reducing the need for transportation

By increasing international trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which city was the first to introduce a local currency in 2012?

Birmingham

Bristol

Lewis

Exeter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential benefit of introducing a local currency in a large city like Birmingham?

It would decrease local business support

It would eliminate the need for national currency

It could strengthen regionalism and localism

It would increase globalization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common criticism of globalization mentioned in the transcript?

It has not been beneficial for everyone

It has reduced corporate influence

It has benefited everyone equally

It has led to increased local business