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Money and Trade

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by

Miriam Tyson

on 19 February 2014

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Transcript of Money and Trade

Money and Trade
in Europe

Trade and Currency in Europe
designed by Péter Puklus for Prezi
Trade is the voluntary exchange of good and services.
Countries sometimes try to limit trade by TRADE BARRIERS!
The EU is a large
FREE TRADE ZONE
In Russia: there are tariffs on many goods!!
Yo! That's My MONEY!
What is a problem with exchanging currency?
It can cost more to do business.
What is Trade?
When trade is voluntary both parties benefit.
tariffs-tax on imports
Quotas-limited number of imports
embargo
In this zone...there are NO tariffs or quotas!
But...
The Euro is the currency most people use of the EU.
The currency of Russia is called a ruble
Banks charge a fee
Your dollar may be worth more or less!
Your Assignment:
CRCT pg. 150-151 (#383-388)
Homework:
WB pg. 122-123
Where did money come from???
Gimmee my money!
Take notes in spiral!
Full transcript