Math 10-3 Transfer Task

Math 10-3 Transfer Task Cultural Food Market

Instructions

You and your classmates will set up a class store which will sell foods representative of various cultures.

Part I – The Currency

Working with a partner, research the currency from a country other than Canada.  You must fill in the Currency Information Sheet provided.  Create samples of their paper currency. Your paper currency must contain at least two bills, approximately equivalent to $20 Canadian in total. www.xe.com is a good online conversion tool.

Part II – The Food

Research the food in the country. On ______, you and your partner will bring samples of that food to sell in our class marketplace. You must decide what to bring, and how much to charge for it. The price you set must be in the currency of your country. Begin filling out the Transaction Record Sheet.

Part III – The Sale

Once the class market is set up, you and your partners will take turns being the buyers and the sellers. In the first round, one of you will stay at your food stand to sell the food while the other person goes shopping. In the second round, you will switch roles. Between rounds, we will pause to eat and to fill in the first transactions on the Transaction Record Sheet. After the second round, we will eat some more, and fill in the second transactions on the Transaction Record Sheet. Currency Information Sheet

Names:

1. What country have you chosen?

2. In what denominations do they produce their currency? For example, in Canada, we make our paper currency most commonly in denominations of $5, $10, $20, $50, and $100. Our coins are in denominations of 1 cent, 5 cents, 25 cents, 50 cents, $1 and $2.

3. Research the history of their currency. Tell me three interesting things about it. For example, what pictures are represented on that currency? Has the country always used that currency?

4. What is the current exchange rate between the currency you have chosen and Canadian dollars? Complete the statement below.

1 CAD =

5. If you were travelling to the country you have chosen, how much of their currency would you get for

a. $150 CAD?

b. $20 CAD?

6. If you return home from visiting the country you have chosen with 32 of their base units left, how many Canadian Dollars would you get in exchange? Transaction Record Sheet

Names:

Your Sales

1. What food item are you selling?

2. At what price have you chosen to sell this item? Make sure to include the units for your currency.

3. Record sales to two people from two different countries in the chart below. One row is completed as an example.

Food Country Selling Currency Exchange Selling Price in Purchase Item of Origin Price Accepted Rate Currency (Include for (Show Calculations) Units) Purchase Paila Chile 5000 Pesos Russian 1.00 CLP = Marina Rubles 0.0571929 RUB Your Purchases:

Record your two purchases in the chart below. One row is completed as an example.

Food Item Country Selling Currency Exchange Selling Price in Purchased of Origin Price Used to Rate Purchase Your (Include Make Currency Units) Purchase (Show Calculations) Samosa India 200 Chinese 1.00 INR = Rupees Yuan 0.151571 CNY