Money
Why do we use money when buying things?
To make sure the seller gets a fair amount when we buy something.
TRUE
What does Kenya trade for wheat from other countries?
Coffee
Why can't someone take something without paying?
It wouldn’t be fair because they gain, and the seller loses.
What is an exchange rate?
It is the amount of money in one currency expressed in terms of another currency.
What is trade?
Exchanging different goods between countries.
What is one reason different countries have their own money?
Because different things have different values in each country.
Why do we use exchange rates?
To convert money from one currency to another when traveling or trading.
Which country gives wheat to Kenya in exchange for coffee?
Countries like Australia and Argentina.
Why is money important when exchanging goods?
It helps make sure both sides are treated fairly when trading.
True or False: All countries use the same money.
FALSE
Why do countries trade goods with each other?
Because each country is better at producing certain things than others.