Unit 11 — Currency

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

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

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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?
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