Understanding Exchange Rates 🌟 – Grade 6 Financial Literacy
59 practice questions included
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🧠 Practice Questions 59 total
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An exchange rate tells you:
Explanation:
Hello superstar! Exchange rates help us compare money from different countries. You are doing wonderfully learning about understanding exchange rates!
If 1 Canadian dollar (CAD) equals 0.75 US dollars (USD), then 4 CAD is worth:
Explanation:
4 × 0.75 = 3.
When the Canadian dollar is strong, it means:
Explanation:
Your money has more value abroad.
The currency of the United States is:
Explanation:
Our neighbour uses the US dollar.
If the exchange rate is 1 CAD = 0.68 EUR, then 100 CAD is worth about:
Explanation:
100 × 0.68 = 68.
A strong Canadian dollar makes travelling to the USA:
Explanation:
Your CAD buys more USD.
If 1 CAD = 110 Japanese Yen, then a 550 Yen souvenir costs about:
Explanation:
550 ÷ 110 = 5.
Exchange rates change almost every day because of:
Explanation:
They go up and down based on world events.
When the Canadian dollar is weak, imported goods usually cost:
Explanation:
You need more CAD to buy the same foreign item.
The British currency is called:
Explanation:
Used in the United Kingdom.
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