Name 2 countries that use this symbol - $ for their currency
Australia, USA, Canada, New Zealand, Hong Kong
What is appreciation?
When a currency increases in value
True of False? Robux is a form of currency.
TRUE!
What animal is on the $1 Australian coin?
What symbol is used for Euros?
€
What is depreciation?
When a currency loses value
True of False? The major advantage of currencies is that there are so many across the world.
TRUE!
Whose face is on the $5 Australian note?
Queen Elizabeth II
What currency uses this symbol: ¥
Japanese Yen
What is fluctuation?
The constant increase and decrease in currency value across the world.
TRUE!
What animal is on the 20 cent Australian coin?
Platypus
What country's currency is in rupees? - ₹
India
What is Exchange Rate Risk?
Possibility of losing money due to negative fluctuations in international exchange rates.
True or false? Flexibility (ability to trade online and in person) is a disadvantage of currencies.
FALSE!
Whose face is on the $10 Australian note?
Dame Mary Gilmore - Australian writer/journalist
Banjo Paterson - poet/journalist (most famous for composition of 'Waltzing Matilda')
What is the name of the currency in the Philippines? - ₱
Pesos
Why do currencies have high risk levels?
True or False - A currency peg is a policy a government may put in place which allows exchange values to fluctuate dramatically in relation to 1 country.
FALSE! A currency peg is a policy a government may put in place which establishes a fixed exchange rate with another country’s currency.
Who is on the $100 New Zealand note?
Ernest Rutherford - NZ physicist