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Ch 78: OAE - Integrated Social Studies: International Currency & Trade

About This Chapter

Solidify your comprehension of international currency and trade prior to taking the OAE Integrated Social Studies assessment. This chapter explains these topics through through brief video lessons.

OAE - Integrated Social Studies: International Currency and Trade - Chapter Summary

Study this chapter on international currency and trade before you take the OAE Integrated Social Studies examination. While you may be familiar with these topics, reviewing the video lessons could enhance your understanding of the international flow of currency. The information-rich lessons highlight topics such as the money supply, commodity money, the International Money Fund, and trade deficits and surpluses. You can also utilize these video lessons for assistance with:

  • Describing different kinds of financial assets
  • Measuring the current money supply
  • Exploring the Federal Reserve system and understanding exchange rates
  • Reviewing foreign currency exchange supply and demand
  • Examining the effects of currency changes on imports and exports
  • Discovering how trade balance is achieved
  • Listing the elements of the current account and the financial capital account
  • Describing the functions of the World Bank and the International Monetary Fund
  • Explaining the roles of international trade organizations

As you get ready for the international currency and trade questions on the OAE Integrated Social Studies examination, watch and review the video lessons as your schedule permits. They include written transcripts, and video tags for locating information in a hurry. You can also submit your related questions for expert help and take the quizzes that measure your knowledge.

OAE - Integrated Social Studies - International Currency and Trade - Chapter Objectives

Economics is the fifth of the OAE Integrated Social Studies examination's five domains and is worth 12% of the assessment score. Its second objective includes the international currency and trade topics found in this chapter. You must answer the computer-administered examination's 150 multiple-choice questions in three hours or less. Passing the exam is part of the qualification process for an Ohio social studies teaching endorsement.

12 Lessons in Chapter 78: OAE - Integrated Social Studies: International Currency & Trade
Test your knowledge with a 30-question chapter practice test
Types of Financial Assets: Money, Stocks & Bonds

1. Types of Financial Assets: Money, Stocks & Bonds

For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with money, stocks and bonds.

Measuring the Money Supply: Explanation and Examples

2. Measuring the Money Supply: Explanation and Examples

Discover how the Federal Reserve defines the money supply by exploring the components of the money stock. In this lesson, we also look at the money supply in terms of function and liquidity.

What is Money? - Definition and Types

3. What is Money? - Definition and Types

In this lesson, you'll learn what money is and its four basic functions. You'll also take a look at how it benefits society and explore the different types of money.

What is the Federal Reserve System?

4. What is the Federal Reserve System?

Have you ever wondered why interest rates go up and down, seemingly at random? Of course you have! Discover what the Federal Reserve is, what its goals are and how those goals are achieved in this introductory lesson explaining the central bank of the United States.

Foreign Currency Exchange: Supply and Demand for Currency

5. Foreign Currency Exchange: Supply and Demand for Currency

In this lesson, you'll learn why money from different countries has different values of exchange. We'll cover the supply and demand for currencies and how changes in supply and demand can affect the exchange rates between currencies.

Exchange Rate: Determination and Conversion Across Countries

6. Exchange Rate: Determination and Conversion Across Countries

Understand what exchange rates are and the different types that can be used by governments and countries. See how they operate and how the conversion process works across countries.

How Currency Changes Affect Imports and Exports

7. How Currency Changes Affect Imports and Exports

Learn about how currency changes can affect imports and exports. Find out how this affects you. Discover what happens when a dollar is strong compared to other currencies and what happens when it is weak.

Achieving Trade Balance: Trade Deficit and Surplus Examples

8. Achieving Trade Balance: Trade Deficit and Surplus Examples

Find out what trade balance, trade deficit, and trade surplus are. Learn about some recent examples that help clarify trade deficit and surplus. Explore what countries have a surplus and what countries have a deficit.

Balance of Payments: Current Account & Measuring Foreign Trade

9. Balance of Payments: Current Account & Measuring Foreign Trade

Find out what the current account is and the four main foreign trade components that it is comprised of. Similar to your bank account, learn how the current account is measured and what a deficit and surplus mean when talking about this economic indicator.

Balance of Payments with Financial Accounts: Measuring Foreign Trade

10. Balance of Payments with Financial Accounts: Measuring Foreign Trade

Learn about the balance of payments and the two key components that make it up. Discover what the financial/capital account is and how it relates to foreign trade and surpluses and deficits.

The World Bank, IMF & Other International Banking Organizations

11. The World Bank, IMF & Other International Banking Organizations

International banking and financial organizations exist to encourage economic and financial stability, help facilitate trade, and help with economic development. In this lesson, you'll learn about some of these important organizations.

International Trade Organizations and Trade Agreements

12. International Trade Organizations and Trade Agreements

International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Ohio Assessments for Educators - Integrated Social Studies (025): Practice & Study Guide course

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