Why is it important for nations to have a system to convert from one currency to another?
38a, b, c: Voluntary trade in Africa

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Geography
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Converting currency makes it possible to buy and sell goods between countries with different types of money.
2.
FLASHCARD QUESTION
Front
Why does specialization make trade between countries easier?
Back
Countries can produce what they make best and trade with others for what they need.
3.
FLASHCARD QUESTION
Front
Scenario: The US refuses to trade with any countries that support terrorism. What trade barrier is this?
Back
Embargo
4.
FLASHCARD QUESTION
Front
Which African country specializes in tea, fresh cut flowers and buds, coffee, petroleum products, fish, and cement?
Back
Kenya
5.
FLASHCARD QUESTION
Front
What are sanctions?
Back
financial penalties applied by one or more countries against a targeted country, usually a punishment
6.
FLASHCARD QUESTION
Front
What is a subsidy?
Back
when the government of a country gives money to certain businesses so they can continue to compete with imports from other countries
7.
FLASHCARD QUESTION
Front
Which country specializes in petroleum (oil), petroleum products, cocoa, and rubber? Options: Kenya, Nigeria, South Africa, Egypt
Back
Nigeria
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