Value of Money

Value of Money

Value of money is meant the purchasing power of money over goods and services in a country. Thus it is related to the price level of goods and services. But the relation between the value of money and price level is an inverse one.

Symbol of Rupee

The Indian Rupee symbol designed by Mr . Udayakumar , Villupuram Dist Tamil Nadu. It was approved by the Government of India on 15 July 2010.

The value of money is of two types

1. Internal value of money

2. External value of money

The Internal value of money refers to the purchasing power of money overdomestic goods and services.The External value of money refers to the purchasing power of money over foreign goods and services.

ACTIVITY: 3

1. Students to know about the value of money,

2. Set up your classroom like a shop or market

3. Students are asked to purchase some commodities from the shop

4. Do the market activities

5. Teacher and students together discuss the value of money

Name in the Country : Name in Currency

1. India : Indian Rupee

2. Germany : Euro

3. Japan : Yen

4. Singapore : Singapore Dollar

5. Malaysia : Ringgit

6. Saudi Arabia : Saudi Riyal

7. USA : US Dollar

8. UK : British Pound

9. Sri lanka : Sri Lankan Rupee

10. Pakistan : Pakistani Rupee