Excelsior Sports Correspondent
JAMMU, Jan 25: The students of Class IInd and teachers of GD Goenka Public School, governed by Om Prakash Bansal Charitable Trust, Jammu took up a project on Foreign Exchange under the ISA project (British Council).
The students were taught about money and exchange rates and value of money is determined when people are willing to accept it in exchange for goods and services.
Bartering was used as the primary means of trade before the use of money.
As the exchanges became more and more complicated, a standard system had to be devised. The result was money, and eventually each nation developed its own form of currency. The daily exchanges of currency between the U S and other nations have a major effect on international trade.
The students applied their knowledge and exchanged currencies of United Kingdom, United Arab Emirates and India. They also presented the information related to these countries.
The project concluded when the students put up markets pertaining to these countries. They sold and bought different items to strengthen their skills in using different currencies.
School Principal, Jyoti Asija lauded the efforts of students and the teachers in taking this initiative.
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