This video answers "What is Currency and Exchange Rate" in a simple, kid-friendly way.
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The video addresses the topics below:
- What is a Currency
- Currencies of different countries
- Do all countries have a currency
- Currency common between countries (example: Euro)
- What is Exchange Rate
- Exchanging one currency for another currency
- How is the exchange rate between currencies determined (foreign exchange or forex market)
- What are the factors that impact the foreign exchange rate
- How frequently does the exchange rate change
- What currency is used is international transactions (most commonly, the US dollar)
- What is Bitcoin
Hope you like the video and stick around for more finance fun! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!
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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision.