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Lesson 4: Using Exchange Rates: Devaluation, Revaluation and Exports
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Using Exchange Rates: Devaluation, Revaluation and Exports
Lesson 4 · Using Exchange Rates: Devaluation, Revaluation and Exports
Using Exchange Rates: Devaluation, Revaluation and Exports
Mathematics
Subject
8 min
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Practice Test
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Project work
Today's exchange rates and gold prices
Method
Make groups of a suitable number of students.
Collect the exchange rates of the day from newspapers or the internet.
Compare today's rates with the rates of 2 days before and note any difference.
Find the cost of gold per kilogram, per tola or per gram in the international market that day.
Find the price of gold that day in America, the UK, Australia and the United Arab Emirates.
Work out in which city of which country gold is cheapest that day, and by how much.
Prepare a report and present it to the class.
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