notanactualfairy (
notanactualfairy) wrote in
fandomhigh2008-01-21 04:29 am
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Maths For Real Life, Period 1, Class 3 [1/21]
"Let's talk about your money," Jean-Paul began class today. "Hopefully, you have some. If not, hopefully you will have some in the future. None of you came to me last week to tell me that you do not have money where you come from, so I am not worrying about that. Today, we are going to talk about currency exchange. Listen up, Americans, not everyone uses the dollar. I understand this may come as a shock, but please try not to faint. Different countries have different currencies, and they have different hard values, because every nation's economy is different. The American dollar is worth less than the pound; this is why trips to England are so expensive. It is worth more than the ruble and many other currencies.
"The currency exchange rate is actually something you will have very little control over. The relative worth of currencies fluctuates frequently--in more technologically developed societies, it can change by the minute--based on a variety of factors. The best advice I can give to you is to keep up with the news when you are going to be traveling abroad, guess as best you can, and exchange your money when it seems prudent to do so. That is, if the exchange rate the day you arrive in, say, Greece, is one euro for a dollar twenty, and the next day it is one euro for a dollar sixteen, you might want to exchange the bulk of your money then. If this is a serious concern you might want to keep an eye on the stock market of wherever you are traveling to, but as a rule of thumb watch for labor unrests and major political decisions that will affect the economy. And if there is going to be a bank strike you will want to exchange your money before that starts.
"Now, your homework for the week will be tohandwavily go to a currency conversion site online," Jean-Paul said, pointing to the url written on the blackboard, "at least three times. Pick two currencies and compare them each time. Does the exchange rate stay the same, or does it fluctuate quite a bit? If they change quite dramatically, write a short report on why you think that is. If they do not, you are still on the hook for a short report on why the value of a currency might change suddenly. Today, I would like everyone to answer me this: why am I making such a big deal out of this?"
"The currency exchange rate is actually something you will have very little control over. The relative worth of currencies fluctuates frequently--in more technologically developed societies, it can change by the minute--based on a variety of factors. The best advice I can give to you is to keep up with the news when you are going to be traveling abroad, guess as best you can, and exchange your money when it seems prudent to do so. That is, if the exchange rate the day you arrive in, say, Greece, is one euro for a dollar twenty, and the next day it is one euro for a dollar sixteen, you might want to exchange the bulk of your money then. If this is a serious concern you might want to keep an eye on the stock market of wherever you are traveling to, but as a rule of thumb watch for labor unrests and major political decisions that will affect the economy. And if there is going to be a bank strike you will want to exchange your money before that starts.
"Now, your homework for the week will be to

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Chatter
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Even about things no one sane could ever write notes about.
Anyone trying to talk to him would just get a look.
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He was also trying to see what Jeff was writing about.
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...this bit is important.
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Answer the Question
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Beat.
"Sir?"
Just in case he was wrong.
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The writing continued, though. She'd copied down the you-are-ell again and circled it several times. There was an arrow pointing to it from another block of text: "I'm not sure I understand?"
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Although, he did still have lingering memories of his alternate teenaged self's hot older Russian boyfriend, and he had to say he approved. Rock on, little teenaged self. Rock on.
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...yes, he was back.
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Because that kind of thing would be nice for planning.
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"So the bank here only deals in the currency of this place?"
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"I just don't want to save while here only to have it turn out to be worthless wherever I end up."
A brief pause.
"Sir."
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He refused.
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He was just curious, after all.
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There was a short pause for thought.
"Thank you."
OOC
I don't recommend it.
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