Currencies (Grade 11 NSC Matric Tourism): Flashcards

Swapping one country's money for another country's money

Official money used by people within a specific country

How much one currency is worth compared to another currency

Costs fewer rands to purchase foreign currency

Costs more rands to purchase foreign currency

Tourist spending circulates through economy multiple times

Bank Buying Rate

Bank Selling Rate

Multiply by the exchange rate

Divide by the exchange rate