1. You have been given e100 to convert into sterling, dollars and yen. Find out what the current exchange rates are. Calculate how much of each of the foreign currencies you will get for your money. e100 buys _______________________________ sterling (£) e100 buys ________________________________ dollars ($) e100 buys ________________________________ yen (¥)
2. You have been given a present of some foreign currency and want to convert it into euro.
Find out what the current exchange rates are. Calculate the amount of euro you will get for the foreign currency.
£100 sterling buys __________________________________ euro $100 US dollars buys _______________________________ euro ¥1000 yen buys ____________________________________ euro
3. You have booked a hotel room in Manchester for one night. The price is £200 pounds. If the exchange rate is e1 to £0.70, how much will the room cost you in euro?
Chapter Review Key Terms Checklist Using a pencil, place a ¸in each box to indicate how
well you know and understand each Key Term. q I know and understand this Key Term. q I am still a bit uncertain about what this Key Term means. q I don’t understand this Key Term yet.
When you revise each chapter, tick the boxes again to indicate how much you have learned.
1. 2.
3.
Personal banking refers to the services provided by banks to help people manage their personal finances.
Current accounts allow people to easily lodge and withdraw money to pay for their day-to-day bills and other expenses.
ATMs give money from a person’s current account if the correct card and PIN are entered.
