southwest asia the middle east n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Southwest Asia The Middle East PowerPoint Presentation
Download Presentation
Southwest Asia The Middle East

Loading in 2 Seconds...

play fullscreen
1 / 7

Southwest Asia The Middle East - PowerPoint PPT Presentation


  • 75 Views
  • Uploaded on

Southwest Asia The Middle East. FSMS 7 th Grade Social Studies; Unit 3 Production, Distribution & Consumption (Foreign Exchange Rates) October 22 nd ; Day 37 Georgia Standard SS7E6c.d. The Middle East Production, Distribution & Consumption. Standard

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Southwest Asia The Middle East' - olympe


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
southwest asia the middle east

Southwest Asia The Middle East

FSMS

7th Grade Social Studies; Unit 3

Production, Distribution & Consumption

(Foreign Exchange Rates)

October 22nd; Day 37

Georgia Standard SS7E6c.d

the middle east production distribution consumption
The Middle East Production, Distribution & Consumption

Standard

SS7E6 The student will explain how voluntary trade benefits buyers and sellers in Southwest Asia (Middle East).

d. Explain why international trade requires a system for exchanging currencies between nations.

first five
FIRST FIVE

Agenda Message: CDA II is November 1st, use your Study Guides from the recently completed Governments & Economies Quiz. Make Index Cards/Flash Cards for each of the Study Guide Questions.

Standard: Explain why international trade requires a system for exchanging currencies between nations.

E.Q. Thursday; 10/24/13: Why does International Trade require a system for exchanging currencies between nations?

Warm Up: Briefly explain why nations trade with one another.

TODAY WE WILL:

  • Foreign Exchange Rates/Exercise
  • Introduce the Four Factors that Influence Economic Growth
answers
Answers

E.Q.Answer for Thursday; 10/24/13:

Most of the countries in have their own type of currency (money). Countries must be able to exchange their currencies with those used by other countries around the world.

Warm Up Answer:

No Country has all the products, goods and services that it needs, as a result, countries trade with one another for those items they do not have.

the middle east production distribution consumption1
The Middle East Production, Distribution & Consumption

Currency & Exchange Rates

Most of the countries in Southwest Asia have their own type of currency (money).

In order for countries to pay for goods as they trade with each other, the money from the 1st country must be converted (changed) into the money of the 2nd country.

This system is known as the foreign exchange rate.

the middle east production distribution consumption2
The Middle East Production, Distribution & Consumption

Currency & Exchange Rates cont.

Countries must be able to exchange their currencies with those used by other countries around the world.

In most of Western Europe, currency is called the Euro.

In Southwest Asia, there are many different types of currency. In order for them to trade with each other, they have to be able to figure out what goods cost in each currency.

the middle east production distribution consumption3
The Middle EastProduction, Distribution & Consumption

Currency & Exchange Rates cont.

Hard-To-Believe-But-True!

Do you know where to find out the current exchange rates for foreign currency?

  • You can look in the financial section of many daily newspapers, or
  • On specific Internet Sites
  • You can also buy a special calculator for the currency exchange feature found on many new smart phones