Before reading

Now check your answers to the questions given before Text B.

Ex. 26. Say what you know about the monetary system in GB and the USA.

Ex. 25. Answer the following questions. Refer to the text if needed.

Ex.24. Read the text again. Decide whether these statements are true or false. Correct the false statements.

Ex. 23. Read the text. Choose the best sentence or part of the sentence A-G to fill each of the gaps 1-7. Do not use any letter more than once.

A. Exchange rates for various currencies are determined by numerous factors and, they change every day.

B. a logical complement to the single market and contributes to making it more efficient

C. people use their checking account balances, either writing checks or spending these deposits with debit cards or automatic payments.

D. The first sterling notes were issued by the Bank soon after its foundation in 1694.

E. They can be used in almost any coin-operated machine: clothes washers and dryers, pay phones, and vending machines dispensing food, drinks, stamps, tickets, newspapers, etc.

F. The size and strength of the euro area also better protect it from external economic shocks, such as unexpected oil price rises or turbulence in the currency markets.

G. In Mexico, particularly, on the territory of major tourist zones, it is accepted as if it were a second legal currency.

1. The United States, Canada and Australia have the single currency, which is the dollar.

2. There are other countries where the US dollar is used as their official currency and legal tender. This process is known as official dollarisation.

3. The motto “In God We Trust” is inscribed on the Australian, Canadian and US dollars.

4. Traveller's cheques are particularly good as money for those who are travelling.

5. The pound sterling is the second-most -traded currency in the foreign exchange market after the US dollar.

6. The euro is not the currency for all EU Member States.

7. The design of euro banknotes helps people who are visually impaired.

8. A member of the European Union, the United Kingdom has adopted the euro as its currency.

9. The introduction of the euro in 1999 was a major step in the European integration.

10. The euro today has become the first most important international currency.

1. Why does a single currency make economic and political sense?

2. What does the euro as a common currency give to the European Union?

3. Have all the European Union’s member states adopted the euro?

4. When were euro banknotes and coins introduced?

5. Where do people normally buy or sell foreign currency if they need it?

TEXT C: A BARTER WAY OF DOING BUSINESS

Can you anticipate what arguments the author will use in favour of a barter way of doing business nowadays?

Дата добавления: 2014-11-29