3-TASK 1 MONEY, FOREIGN EXCHANGE, FINANCE.

Watch the video, answer the following questions.

1. How are money and currency defined?

The money does not undergo a change it will always be the same instead the currency varies depending on many factors.

2. What are the differences between currency and money? 

The difference of these are that, money does not change or stop being money, instead the currency changes so much from where you are geographically and the value that each one of them gives it.

3. What are their most important characteristics?

Durable

Divisible

Portable

Expendable

Limited in quantity

4. What is a Fiat currency?

It is a currency that was created by the government

5. What are its characteristics?

Are that they are declared by an authority in a specific space and gains value once it has the fiat designation, becoming official currency.

6. What is money and currency used for?

A store of value is one that has a stable value in the market over the years.

7. What does “store of value” refer to?

Refer to an asset that keeps its value over time.

8. What was the currency used in the past?

Egyptians used gold and silver as currency.

9. What is the most beautiful way of money?

the best way to earn money is by giving value to what does not change like gold or buildings.

10. What is a “solving system”?

It's a system that allows the government to maintain control on the way money is produced.

11.What happens when governments expand the currency supplies?

Prices will rise (inflation).

12. What is barter?

The exchange of previous years is the exchange of a value for another value or service of equal or similar value.

13. What is Quantity of Easy? 

It's the currency creation.

14. What is the tendency of QEs around the world?

QE is the justification for generating currency and exchanging currencies all over the world.

Reflection Final 

As we already know, money and currency move the world significantly and some of you see not knowing how to handle this type of knowledge causes conflicts to be generated both between people and between countries and entire continents.