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Currency Exchange - Revised

Finances and Banking
Free Course
For most people, currency exchange is about buying foreign money for a vacation. But currency exchange is really about much more than that; it actually involves treasuries, bonds, imports and exports, trade imbalances, and the borrowing costs of a country. This course will give you a better understanding of currency exchange and its role in a country's growth and development. This is vital knowledge for any aspiring trader or economist.
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  • Duration

    1-2 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    Khan Academy

Description

Outcome

Certification

View course modules

Description

Currency exchange is, as the name implies, the exchange of one currency to another. It is also the value of one currency in relation to another currency. This course will introduce you to currency exchange how it works. You will study the treasury bond or T-bond which is a marketable, fixed-interest U.S. government debt security that has a maturity of more than 10 years. You will also learn about liquid assets.

You will then study the effect of currency on trade and look into the currency Chinese Yuan. You will learn that China buys the available excess U.S. dollars from the open market in the form of treasury bonds. This helps keep the US dollar inflated and the Yuan deflated. You will look at the rationale and effects of the American-Chinese debt loop, and learn how countries trade and lend money for development and growth.

Currency is a system of money in general use in a particular country. By the end of this course, you will learn how currency is valued, devalued, and how countries trade and lend money to each other. You will also learn the knock-on effects of a lack of demand for Treasury bonds to a country and the costs thereafter. So, check out this course and start learning more about the role currency exchange practices play in the financial system.

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Learning Outcomes

Having completed this course, you will be able to:


  • Outline how currency exchange how it works
  • Summarize what a trade imbalance is
  • List some of the advantages and disadvantages of a trade imbalance
  • Describe treasury bonds, liquid assets and their use in economics
  • Define the terminology used around currency exchange
  • Illustrate how countries trade and lend money to develop growth

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.

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