Distribute two or three riyal notes to each student. Indicate that you have three candy mints for sale and you would like to know if anyone would like to purchase them. Indicate to students that the price of the mints is one Classroom Buck.
EconExperiments - Exchange Rates
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Exchange Rate | ||
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Distribute two or three riyal notes to each student. Indicate that you have three candy mints for sale and you would like to know if anyone would like to purchase them. Indicate to students that the price of the mints is one Classroom Buck. |
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Through the process of auctioning Bucks with riyals, students learn about the difference between the domestic and international values of a currency. Students can also learn how factors of supply and demand work to set international exchange rates | ||
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