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

Now Studying: Currency

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Core Training Activities

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Multiple Choice Activity

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

Multiple Choice activity
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Listening Comprehension Activity

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

Listening Activity
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Spelling and Recognition

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

Spelling Activity
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Vocabulary Builder Activity

Students will learn the following key terms and phrases:

Accrue Acquire Barter Bond Charge Cryptocurrency Decentralize Designated Determine Endorse Fluctuation Freeze Incentive Instrument Merchant Require Seizure Third party Transaction Variable
Vocabulary list
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Reading Activity: Currency

Improve your reading comprehension and vocabulary in context with our interactive reader.

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…
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Reading Comprehension Activity
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Reading Comprehension Quiz

Test your understanding of the reading material with a quick comprehension quiz.

Reading Comprehension

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Speaking Practice Activity

Master your pronunciation by recording yourself and receiving feedback from native-speaking teachers.

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An uncertain exchange rate, unknown order quantity, and indefinite payment terms are all variables which make doing business with them problematic.
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The acquisition of K&M was the largest transaction in the history of the firm.
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The contract is between the bank and you; it doesn't take account of any possible third parties.
... and more sentences to practice.
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Writing Practice Activity

Improve your writing skills with guided essay questions and professional correction.

  • What are the advantages and disadvantages of a common currency?
  • Would you use a currency like BitCoin? Why?/ Why not?
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Writing Activity
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