Australian dollar

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/australian-dollar

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the official currency of?Australia, Kiribati, Nauru, and Tuvalu
2. What is the date of introduction?February 14, 1966
3. When did Australia start using the Australian dollar?Australia began using the Australian dollar on February 14, 1966.
4. Why did Australia change from the pound to the dollar?The change to a decimal system made money easier to count and helped Australia match international standards.

Decimalization: The process of adopting a currency system based on units of ten, simplifying financial calculations.
Foreign Exchange Market (Forex): A decentralized global market where all the world's currencies are traded.
Reserve Currency: A foreign currency held in significant quantities by central banks or other major financial institutions as part of their foreign exchange reserves.
Legal Tender: Money that is recognized by law as a means to settle a public or private debt.