Peso

High school (ages 12+)
Mathematics & Numbers

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/peso

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 monetary unit in?Several countries, including Mexico, Argentina, Chile, Colombia, and the Philippines
2. What is the origin of '$' symbol?Widely believed to have evolved from an abbreviation for 'pesos'
3. Why is the peso called "peso"?The word "peso" means "weight" in Spanish, and the coin was worth a certain amount of silver, so its name came from that.
4. How did the peso become a global currency?From the 16th to the 19th century, the Spanish peso was trusted by traders all over the world, so it became a common money for buying and selling things across continents.

Monetary Unit: The standard unit of currency used within a specific country or economic region for financial transactions.
Spanish Empire: A vast colonial empire ruled by Spain, which exerted significant influence on global trade and culture from the late 15th to the early 19th century.
International Trade: The exchange of goods, services, and capital across international borders, forming the basis of global economic interdependence.
De Facto Currency: A currency that is widely used in practice for transactions, even if it is not officially designated as legal tender by a government.