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
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Listening Comprehension Activity
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Spelling and Recognition
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Vocabulary Builder Activity
Students will learn the following key terms and phrases:
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Reading Activity: Currency
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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 Quiz
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Speaking Practice Activity
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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
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- What are the advantages and disadvantages of a common currency?
- Would you use a currency like BitCoin? Why?/ Why not?
