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Published byDaniel Wade Modified over 6 years ago
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SS3E3 The student will give examples of interdependence and trade and will explain how voluntary exchange benefits both parties. d. Explain that most countries create their own currency for use as money.
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What is currency? What do people do when they don’t have currency?
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What is currency? Currency is the form of money people in a country use. Every country has it’s own currency.
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What is currency? Our currency in the United States is called….
dollars ! We knew that!
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Types of Currency Do we have currency in our classroom? Can you spend it outside of my classroom?
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Types of Currency China Mexico France Yuen PESO Franc
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Types of Currency You can only spend a certain country’s currency in that country. EX) You can use United States currency in France. You would have to get your money changed over to their currency. This usually happens at an airport.
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No Currency! When times get tough and currency is hard to find, how do they get the things they need? EX) David and Sally have no Anderson bucks. Sally had a lot of pencils but no erasers. David has only a few pencils and a lot of erasers. What could they do???
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People barter when they do not have currency.
Barter is when you exchange things of equal value and MONEY is not used. Bartering has been going on FOREVER!
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Examples
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