COPYRIGHTED MATERIAL
strong currency
a currency that is going up in value.
FX
forex; foreign exchange.
Lesson Objectives By the end of this lesson the student will be able to: 1. Name the currencies of ten countries or economic units. 2. Transact a currency conversion. 3. Explain the impact of a weak vs. strong dollar on trade. 4. Summarize Eurosceptic criticism of the Eurozone.
SLIDE 5F
Gaining Attention Here we go again. There are more problems at U.B. Smart School. Direct students to “Problems Plague Classtopians” in Chapter 5 of the student workbook. Read aloud: Problems Plague Classtopians More students from U.B. Smart School have followed in the footsteps of the Classtopians. Another class has declared its independence and formed its own country. They’ve named their country Deskopolis. The Deskopolians immediately rejected the barter system, going straight to money. They call their money Deskmoola. The Deskopolians are noted for their near-perfect grades in French. They produce excellent French flashcards. Recently, the citizens of Classtopia approached the Deskopolians wanting to purchase 50 sets of flash cards. They offered to pay for the flashcards with Classybucks. The Deskopolians responded “Pas du tout! Vous plaisantez?"* They will not accept Classybucks as payment for the flashcards because they are worthless in Deskopolis. Is the French flashcard sale doomed to fail? Can this problem be solved? PRODUCT PREVIEW
*No way! Are you joking?
Communicating Objectives At the conclusion of this lesson, you will be able to name the currencies of ten countries or economic units, transact a currency conversion, and explain how a weak vs. strong dollar impacts trade. You will also be able to summarize Eurosceptic criticism of the Eurozone.
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Lesson 5 | Crazy for Currency
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