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History of Money Thousands of years ago, trading or bartering was a way of life. People bartered goods or services they had for goods or services they.

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Presentation on theme: "History of Money Thousands of years ago, trading or bartering was a way of life. People bartered goods or services they had for goods or services they."— Presentation transcript:

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2 History of Money Thousands of years ago, trading or bartering was a way of life. People bartered goods or services they had for goods or services they needed.

3 History of Money Money was invented to make this process much simpler.

4 Today Now, every country has their own currency (money).

5 Holiday! Yea! You are at Nike in New York. You have decided to treat yourself.

6 You are thinking of buying yourself some trainers, a running top and a bag.

7 $40 $45 $85 How much does this cost in US dollars? I have $200, how much change will I receive? The exchange rate today is $1 = £0.66 How much is this in British Pounds? £$ 0.661 Hint? (Press for hint)

8 $40 $45 $85 How much does this cost in American dollars? I have $200, how much change will I receive? $170 $30

9 $40 $45 $85 The exchange rate today is $1 = £0.66 How much is this in British Pounds? £$ 0.661 170 X ?

10 $40 $45 $85 The exchange rate today is £1 = $1.53 How much is this in British Pounds? £$ 0.661 £112.20 170 X 170 £112.20

11 Tomorrow The way we pay for things is evolving constantly. Who knows how we’ll pay for shopping in 2020…….


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