Money Matters

Today in my Econ class we were learning about money so thought it would be nice to bring in my bag of foreign money I had collected during my travels in the Navy. The students were very intrigues by the look of the foreign money and some said that our money sucked compared to theirs. I had access to the internet so I asked them to each hold onto a few coins and bills of differing currencies. I then ask what they thought they were worth in USD. One good example was the 10,000,000 Turkish Lira which was worth about $9 when I got it but is now worthless because Turkey's economy collapsed and their currency was revalued and renewed.