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History of Money Thousands of years ago, trading or bartering was a way of life. People bartered...
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Transcript of History of Money Thousands of years ago, trading or bartering was a way of life. People bartered...
![Page 1: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/1.jpg)
NOW(numeracy of the week)
07.09.15 Money
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History of MoneyThousands of years ago, trading or bartering was a way of life.
People bartered goods or services they had for goods or services they needed.
![Page 3: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/3.jpg)
History of MoneyMoney was invented to make this process much simpler.
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TodayNow, every country has their own currency (money).
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Holiday! Yea!You are at Nike in New York.
You have decided to treat yourself.
![Page 6: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/6.jpg)
You are thinking of buying yourself some trainers, a running top and a bag.
![Page 7: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/7.jpg)
$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?£ $
0.66 1
Hint? (Press for hint)
![Page 8: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/8.jpg)
$40
$45
$85
How much does this cost in American dollars?
I have $200, how much change will I receive?
$170
$30
![Page 9: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/9.jpg)
$40
$45
$85
The exchange rate today is $1 = £0.66
How much is this in British Pounds?
£ $
0.66 1
170 X ?
![Page 10: 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.](https://reader036.fdocuments.net/reader036/viewer/2022081401/5a4d1b457f8b9ab0599a30a6/html5/thumbnails/10.jpg)
$40
$45
$85
The exchange rate today is £1 = $1.53
How much is this in British Pounds?
£ $
0.66 1
£112.20 170 X 170X 170
£112.20
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TomorrowThe way we pay for things is evolving constantly. Who knows how we’ll pay for shopping in 2020…….