Unit 11: Currency

USA

In this unit, we discuss the history of money, from primitive barter systems, to coins and paper money, to electronic commerce and cryptocurrency.

Did you know? The following activities can be customized as desired by the teacher or school pedagogue.

Basic activities (computer-graded)

Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Reading Activity: Currency

Students will be able to correctly answer true/false questions after reading and listening to topical short articles and dialogs featuring topical vocabulary.

Throughout history, there has always been a need for currency and currency is constantly evolving. A thousand years ago, people would barter with goods the value of which would be determined by the buyers need for the good. Although this system worked, it didn't allow for a standard value of a given product which meant that you could never tell how much something was really worth. As trade increased… Continue

Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Advanced activities (optionally teacher-graded)

Speaking Practice Activity

Students will be able to speak and record 5 example sentences from the unit vocabulary and then submit them for grading by the classroom teacher. If no teacher is available or desired, then the students will be shown good examples of other students' work.

An uncertain exchange rate, unknown order quantity, and indefinite payment terms are all variables which make doing business with them problematic.

The acquisition of K&M was the largest transaction in the history of the firm.

The contract is between the bank and you; it doesn't take account of any possible third parties.

The government's seizure of his estate came as a surprise to his wife.

A lot of companies use e-invoicing nowadays and don't require a paper copy.

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Writing Practice Activity

Students will write a short essay to be graded by the teacher. If no teacher is available or desired, then the student is shown previous examples of other writings by students.

What are the advantages and disadvantages of a common currency?

Would you use a currency like BitCoin? Why?/ Why not?

Why do you think debit cards are so popular?

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