Be worth borrow inherit invest lend can't afford charge owe save take out cost earn waste

1. My uncle died and left me £2000. 2. I put some money aside every week for my next holiday. 3. I asked my brother to give me ? 10 until next week. 4. My brother gave me ? 10 until next week. 5. I often spend money on stupid things. 6. I don't have enough money to buy that car. 7. I had to pay the mechanic £100 to repair my car. 8. I went to the cash machine and got ? 200. 9. I bought a book. It was $25. 10. Jim gave me £100.1 haven't paid it back yet. 11. I bought some shares in British Telecom. 12. I work in a supermarket. They pay me ? 2000 a month. 13. I could sell my house for about ? 200,000.

I__________ £2000 from my uncle. I__________ money every week. I___________? 10 from him. He_________me ?10. I often________ money. I_____________to buy that car. The mechanic____________me £100. I_________? 200 from the cash machine. The book___________(me) $25. I________________ Jim £100. I______________ some money. I______________?2000 a month. My house_______about ?2000.

3.a. Shelley and Ben are having an argument about money. Read what Shelley says and complete the dialogue with Ben's answers from the box below. Then try to guess his last answer.

a. We've had it for at least three years. Maybe longer. b. It's old. c. No. What is it? d. Why not? e. Yes. I've just bought it. f. I can't.

Shelley: Is that a new camera?

Ben: 1….

Shelley: What's wrong with our old camera?

Ben: 2…

Shelley: Old? How long have we had it? A year?

Ben: 3…

Shelley: Three years? I'm sure we bought it last year. Look. We can't afford a new camera.

Ben: 4…

Shelley: Have you seen this?

Ben: 5…

Shelley: The gas bill. It arrived this morning. And we haven't paid the phone bill yet. Take it back to the shop and get your money back.

Ben: 6…

Shelley: Why not?

Ben: Because...

b. In pairs, read the dialogue again and underline five examples of the present perfect and two examples of the past simple. Then answer the questions: ‘Which form of the verb do we use for...?’

1. a completed action in the past .

2. things which started in the past and are true now

3. recent actions when we don't say exactly when

4. recent actions when we say exactly when

LISTENING

1. You are going to watch an episode "Money, Currency, Banknotes” of the video film ”Economics made easy”. Here are some words that might seem unfamiliar to you:

• tender-средство платежа, legal tender-законное платежное средство

• minter - чеканщик, монетный мастер; mint of money -куча денег

• shopkeeper- лавочник

• currency - деньги, валюта, средство обращения

• rate -курс, цена; at the rate of - в размере, по курсу; foreign exchange rate - курс иностранной валюты

• revalue -переоценивать, повышать стоимость; revaluation - повышение стоимости, ревальвация

2. As you watch the episode, note down some words and terms you'll hear and be ready to answer the following questions:

1. What kind of old money is mentioned in the text?

2. Does the shopkeeper accept a coin from the buyer?

3. Is this old coin a legal tender? What is the legal tender?

4. What types of currencies were shown in the episode? What is the currency of Germany nowadays?

5. What will a man do if he wants to buy a car, coming from another country?

6. Is the situation different when in one of the countries too much money is printed?

7. What does the term revaluation mean? By whom is this currency exchange normally provided?

FOCUS ON FUNCTIONS

1. Study the language of Money and Currencies:

· In Great Britain the currency used is the pound sterling. (£)

In the USA (and many other countries) the currency is the dollar. ($)

£1 = 100 pence (p): $1 = 100 cents (¢)

Note that the sign goes before the figure.

· When speaking about sums of money we say:

$1.35 - a dollar thirty five (or one thirty five)

$3,000 - three thousand dollars

five cent coins - nickels

ten cent coins - dimes

twenty-five cent coins - quarters

fifty cent coins - half dollars

50p - fifty p, fifty pence (not * pences)

£ 1.99 - one (pound) ninety nine

Note that we do not add 'and' between the figures representing pounds/dollars and pence/cents.

Nor do we mix figures and words; the following are wrong:

Not * £ 39 ninety nine £ Twenty five 457 dollars

· The separation of units of a thousand can be made by using a comma (,) or with a blank:

$ 365,027,968.80 = three hundred and sixty five million twenty seven thousand

nine hundred and sixty eight dollars eighty cents.

· A sum of money is used with a verb in the singular:

These days £50,000 is not a large sum of money.

Why was US $115.69 paid in addition to the ocean freight?

· It is now common to see the abbreviation K. (а hundred thousand dollars)

$ 100K (a hundred thousand dollars)

· Countries using dollars include:

USA Australia Canada Hong Kong New Zealand Singapore Taiwan

· Countries using pounds include:

UK Ireland Egypt Malta

· Countries using euro include:

Germany France Spain Belgium Switzerland Luxemburg etc.

2. Write these out as you would say them.

1. $ 1.45

2. £ 8.50

3. $ 199,000

4. £ 352.29

5. $75.50

6. £225,000,000

7. 89 p

8. $354.50

3. A British tour operator has costed a package holiday in Spain at £650. This calculation is based on £1 = 200 pesetas. However, as a result of a recent fluctuation in the exchange rate £1 now equals 190 pesetas.

· How much will the tour operator want to charge?

4. US firm agrees to purchase pharmaceutical products from West German supplier for ?100,000, payment to be made 90 days after delivery. On the day of the agreement the exchange rate was $ 1 = ? 0.76. Over the next 90 days the dollar falls to $1 =0.67.

· How much will the American firm have to pay?

SPEAKING

1. Write down the approximate price of six things in your country, e.g. daily newspaper, a short bus journey, a cup of coffee in a bar / cafe, a ticket for the cinema, a takeaway hamburger, a pair of jeans, etc. Do you think the price is expensive, reasonable or cheap? Compare your answers with someone from the same city, and if possible, someone from a different country.

2. Work in pairs. Discuss the following questions:

a. There are lots of different ways you can get money. Here are five: earn it, steal it, win it, inherit it, find it

Of these five, which are the most common?

b. There are also lots of things you can do with money. Here are six: spend it, give it away, invest it, save it, waste it

Of these six, which give you the most pleasure and happiness? Put them in order.

3. Interview each other with the questionnaire. Ask for more information.

e.g. -Have you ever wasted money on something you've never used?

-Yes, I bought an exercise bike.

-Why did you buy it?

The Money Questionnaire

Have you ever…?

(waste) money on something you've never used

(sell) anything on the Internet

(lose) a credit card or your wallet

(save) for something for a long time

(win) any money (e.g. in a lottery)

(be) robbed

(lend) money to someone who didn't pay you back

Have you…recently?

(buy) anything on the Internet

(be) to a shopping mall or a shopping centre

(buy) anyone a present

(use) a credit card

(take) money out of a cash machine

(borrow) money from someone in your family

4. British students spend their money on different things. Here are three of them: Susanne, Charlie and Matthew. Read the information and conduct a survey among your friends to see what Belarusian students spend their money on.

Susanne has been getting £10 every week from pocket money, presents a small weekend job. Charlie's been getting £12 - most of it from a weekend job. Matthew has been getting £4 pocket money.

Susanne: I don't spend anything on alcohol or cigarettes because I don't smoke or drink. I usually spend about £1.00 on make up and I put £2.50 toward to holiday. I love horse-riding and I go on a riding holiday each summer with a friend, go on holiday with my family too but they pay for it. The riding is an extra holiday so I pay for it myself. I spend about £3.50 when I go out to the cinema or the sport center. It's difficult to find something cheap to do at the weekend! I buy a CD every two weeks - they cost £6.00.

Charlie: My holiday is football - I play in a team and I go to watch big football matches; it costs about £2.50 a week. I usually spend something on clothes about £3.00 and I like to buy a CD every week. If I'm lucky I save something usually about 50p a week!

Matthew: I don't save anything. I spend everything on going out. My parents buy my clothes and pay for holidays and everything like that. I don't smoke or drink.

5. Think and share your impressions with your partner:

· Why are goods actually more expensive if the means of payment are different from the units of account?

· What measures can a seller take if money does not fulfill its function as a store of value properly?

WRITING

1. You have received a letter from your foreign friend. Write a reply to him answering all his questions.

1. What do you spend your money on?

2. How much does a doctor (teacher) earn in your country?

3. Do you save any money? If so, how (in a bank, cash)?

4. Is it easy to open a bank account in your country? How much do you need to start?

5. Do you owe money? Who to? When will you pay back the money?

6. Is there anything you want to do but can't afford doing?

7. Do you often lend money? Who do you lend it to?