Unit 11 Reading — Currency

US female Listen as you read:
UK male Listen as you read:
Currency

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.

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Discussion Questions
  • What are the advantages and disadvantages of a common currency?
  • Would you use a currency like BitCoin? Why?/ Why not?
  • Why do you think debit cards are so popular?

Quiz: Reading Comprehension

1. Buyer’s need would determine the value of goods that was bartered.
 
 
2. Designated bonds need to be endorsed to become cryptocurrencies.
 
 
3. Transactions charged on a credit card accrue over the month and create debt.
 
 
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