United Arab Emirates dirham

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/united-arab-emirates-dirham

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 money is used in United Arab Emirates dirham?United Arab Emirates
2. What is the subdivided into?100 fils
3. What is the exchange rate?Approximately 3.67 AED to 1 USD
4. What is the UAE Dirham?The UAE Dirham is the official money used in the United Arab Emirates, like coins and notes that people use to buy things.
5. How many fils make up one Dirham?One Dirham is divided into 100 smaller units called fils, so you can pay small amounts easily.

Medium of Exchange: An intermediary good or service used in trade to avoid the inconveniences of a barter system.
Unit of Account: A standard monetary unit of measurement of market value accepted in economic exchange.
Exchange Rate Peg: A fixed exchange rate policy where a country's currency is tied to another currency or a basket of currencies.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.