What is 'Exchange Rate'?

is the price for buying or selling the different currencies

How to calculate currency exchange?

Amount of sterling x Exchange rate = Price of buying the currency

Amount of sterling + Exchange rate = Price of buying the currency

Amount of sterling - Exchange rate = Price of buying the currency

Danish kroner, Hong Kong dollars

Foreign exchange office and banks

is a unit of money used by all of the people within a country to buy and sell goods and services

is a unit of notes used by people

Test

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1What is 'Exchange Rate'?
1. Ais the different currencies
2. Bis the price for buying or selling the different currencies
3. Cis the price for buying good
2How to calculate currency exchange?
1. AAmount of sterling x Exchange rate = Price of buying the currency
2. BAmount of sterling + Exchange rate = Price of buying the currency
3. CAmount of sterling - Exchange rate = Price of buying the currency
3Most popular currency?
1. AEuro, Danish kroner
2. BDanish kroner, Hong Kong dollars
3. CEuro, Pound Sterling
4Where can you exchange money abroad?
1. ABank
2. BForeign exchange office and banks
3. CShops
5What ATM stands for?
1. AAutomatic time machines
2. BAutomated trust machines
3. CAutomated teller machines
6What 'currency' is?
1. Ais a unit of money used by all of the people within a country to buy and sell goods and services
2. Bis a unit of notes used by people
3. Cis bank notes and coins
7 Euro is a legal tender
1. ATrue
2. BFalse
8The euro is the legal tender currency used in 16 of the 28 countries that make up the European Union
1. ATrue
2. BFalse