Moneyfest! Students brought in foreign coin and currency to share and for extra credit. Lesson of the day was - "What determines foreign currency exchange rates?" "Why can't I just get one Euro for one American buck?" Through an activity we learned that 1. Supply and Demand play a part in the process - how much currency is available, how much is it in demand, how much in demand is a country's goods and services? 2. Also, there is an interaction between buyers and sellers of foreign currencies, 3. Finally, competition for currency plays a part, too.
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