CHAPTER: CURRENCY
Warm-up
What is currency? (A system of money in any form, generally used in a particular country)
How many currencies are there in the world? (180)
UNIT 1 Currencies from around the world
Currency
Country
Symbol
Code
Dollar
United States
$
USD
Euro
Europe
€
EUR
Pound
Great Britain
£
GBP
Rupee
India
₹
INR
Yen
Japan
¥
JPY
Won
Korea
₩
KRW
Peso
Philippines
₱
PHP
Can you guess to which code corresponds to which currency?
How many currencies do you know?
UNIT 2 Sub-units and change
Most countries have sub-units of 1/100th. These sub-units usually come in the form of coins or small bills and are called change or small change. Different coins can be worth different amounts,
Euro > Cent (1c)
Pound > Penny (1p)
Rupee > Paisa (50p)
Yen > Sen (1錢) > Rin (1厘)
Won > Jeon (not used)
Peso > Centavo (1¢)
Dollar > Quarter (25¢) > Dime (10¢) > Nickel (5¢) > Cent (1¢)
Fill in the blanks
1. One hundred _____ coins are equal to €1. (1c)
2. _____ 50p coins are equal to ₹4. (8)
3. £3 is equal to _____ 4p coins. (75)
4. Two quarters, three dimes and three nickels are equal to _____. (95¢)
Can you guess the coin?
What is it called? Where is it from? How much is it worth? How do you know?
a. b. c.
Supplemental
What is the currency in China? (Renminbi)
What are the different bills / coins you can find here? (Yuan, Jiao, Fen)
Do you know the currency code? (CNY)
How many of these currencies have you used? Where did you use them?
Can you name some other currencies?
UNIT 3 Types of Currency
Cash (banknotes, bills, notes)
Coin
Debit card
Credit card (Visa, MasterCard, Unionpay)
Traveler’s check
Paypal
Alipay
Discussion
“China is becoming a cashless society.” What do you think this means? Do you agree? Why or Why not?
UNIT 4 Currency Exchange
Word Bank:
Currency exchange
Exchange rate
Commission
Denomination
Large bills
Small bills
At the Currency exchange office
Customer: I’d like to change some Euro into Dollars please.
Teller: How much would you like to change?
Customer: I’d like to change 500 Euro. What is the current exchange rate?
Teller: USD 1.12 to the Euro
Customer: And do you charge a commission.
Teller: Yes sir. We charge a 3% commission.
Customer: Alright.
Teller: May I see your passport please?
Customer: Of course
Teller: That makes USD 543.2. How do you want that? What denomination would you like that in?
Customer: Excuse me?
Teller: Would you prefer your currency in large bills or small bills?
Customer: I’d like a mix of both. And could I have some change too?
Teller: Of course. Just sign here. Here is your cash, change and receipt.