NOW(numeracy of the week)

07.09.15 Money

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.

History of MoneyMoney was invented to make this process much simpler.

TodayNow, every country has their own currency (money).

Holiday! Yea!You are at Nike in New York.

You have decided to treat yourself.

You are thinking of buying yourself some trainers, a running top and a bag.

$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)

$40

$45

$85

How much does this cost in American dollars?

I have $200, how much change will I receive?

$170

$30

$40

$45

$85

The exchange rate today is $1 = £0.66

How much is this in British Pounds?

£ $

0.66 1

170 X ?

$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

TomorrowThe way we pay for things is evolving constantly. Who knows how we’ll pay for shopping in 2020…….