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II. Answer the following questions:

1. What is the basic unit of money in the USA?

2. How much is the dollar worth?

3. What is the dollar's symbol?

4. Where does the dollar circulate?

5. When was the dollar adopted in the United States?

6. Were the first dollars issued in copper?

7. Do gold coins circulate now?

8. When was the dollar adopted in Canada?

9. When did Australia and New Zealand adopt the dollar?

10. What is the basic unit of money in/of the UK?

11. When was the decimal system adopted in Great Britain?

12. How many shillings were there in the pound before 1971?

13. Was the guinea equal to one pound sterling?

14. What was the crown equal to?

15. Were there any copper coins in circulation?

16. What is the symbol of the British pound sterling?

Discussion

1. Do you spend more than you earn?

2. What do you most enjoy spending money on?

3. What do you least enjoy spending money on?

4. What do you think is good value for money?

5. What do you think is a waste of money?

6. What can you afford that you most appreciate?

7. What can’t you afford that you would most like to have?

Part I

You and your money

I. Do the quiz individually. Then compare answers with a partner.

1. How much cash do you have with you at the moment? Do you know:

a) know exactly?

b) know approximately?

c) not know at all?

2. Do you normally check:

a) your change?

b) your bank statements and credit card bills

c) restaurant bills

d) your receipts when shopping?

e) prices in several shops before you buy something?

3. Do you:

a) give money to beggars?

b) give money to charities?

c) give away used items, such as clothing?

4. If you go for a meal with someone you don’t know well, do you:

a) offer to pay the whole bill?

b) suggest dividing the bill into equal parts?

c) offer to pay the whole bill but expect them to pay next time?

d) try to avoid paying anything?

5. What do you think about people who do not pay the correct amount of tax? Is this:

a) a serious crime?

b) morally wrong but not a crime?

c) excellent business practice?

6. If you lend a colleague a small amount of money and they forget to pay it back, do you:

a) say nothing?

b) remind them that they owe you money?

c) arrange to go for a drink with them and say you’ve forgotten your wallet or purse?

II. Translate the following phrases:

Can you give me change for a $ 10 note?

I can pay you back on Friday.

Can I just buy some chewing gum, please?

Did you bring your receipt with you?

Do you think you could lend me $20?

I’d like to pay my bill, please.

You’ll need to sign them just here, please.

Do you take credit cards?

I’d like to cash some traveler’s cheque.

I’d like a refund, please.

III. In your opinion, which of the following give the best return on your money? Which are very risky? Which are less risky?

gold

precious stones

stocks and shares

currencies

property

land/real estate

a high-interest deposit account

antiques and paintings

a new business venture

Part II