Read the following PowerPoint Presentation and take notes in your INB Read the following PowerPoint Presentation and take notes in your INB. Additionally, you will need to answer the various questions you encounter while reading the PowerPoint in your INB. You will need to write the QUESTION and the ANSWER.

Why is it necessary to exchange currencies in order for nations to trade? SS6E2d, SS6E6b, SS6E9c. Explain why international trade requires a system for exchanging currencies between nations.

Countries trade because no country has all of the resources it needs to provide for its people. Moreover, every country has different resources.

What are resources. 1. Make a list of examples of resources What are resources? 1. Make a list of examples of resources. What happens when you do not have the resources you need? Teachers – this is not the time to teach students the actual names of different resources. Just brainstorm resources in general. Some examples students might mention: natural resources (more in-depth discussion of this in the next essential question), land, people, water, physical things, geographical features, etc. Discuss what resources they would need to survive and then what would they do if they did not have those resources.

The global economy makes countries interdependent. We have a global economy because countries trade with others from all over the world. The global economy makes countries interdependent.

Voluntary Trade happens when both countries expect to gain from the trade. The “buyer” country receives goods and the “seller” country makes money.

International trade involves countries from all over the world engaging in voluntary trade. 2. How important do you think international trade is to the United States? Explain your answer in 3-5 sentences.

Currency Exchange & International Trade Exchange rates provide a procedure for determining the value of one’s currency in terms of another’s currency. Apply these concepts to those illustrated in the Currency Exchange Activity

Summarizing Strategy How would trade be affected if there were no system for exchanging currency?