1. Money – the basics

1. Money – the basics

1.      In the USA, “quarters” (25 cents) and “dimes” (10 cents) are types of coin.

2.      In the United Kingdom, “a tenner” means a ten pound note.

3.      The US dollar, the Yen and the Euro are types of currency.

4.      Hundred dollar bills and twenty pound notes are banknotes.

5.      2,000,000 Swiss francs is a large sum of money.

6.      I need to change some Euros into Australian dollars.

7.      My friend borrowed a hundred pounds from me.

8.      I lent a hundred pounds to my friend. When she can, she will pay me back.

9.      I buy a lottery ticket every week, but I never win anything.

10.  Most dentists earn at least ₣30, 000 a year.

11.  Wages are paid to employees weekly. Salaries are paid to employees monthly.

12.  In business, you have to spend money to make money.

13.  Do you have a bank account? Yes. I bank with the bank of Scotland.

14.  In my opinion, eating in expensive restaurants is a waste of money.


1.      a small amount of money

2.      an income of f25,000 a year

3.      donate money to charity

4.      high cost of living

5.      make a profit

6.      pay by credit card

7.      pay in cash

8.      winners and losers


1.      Spain now uses the euro. Pesetas are no longer legal tender.

2.      I bough a TV which does not woke. I will take it back to the shop to get a refund.

3.      In a shop, to get a refund, you usually have to show the receipt.

4.      I ma paying for my new car in 36 monthly installments.

5.      I earn a lot of money, but I have a lot of expenses.

6.      Famous paintings are usually sold by auction.

7.      In an auction, the item is sold to the person who makes the highest bid.

8.      In Japan, the US dollar is a foreign currency.

9.      In Britain, it is not usual to discuss your personal finances.

10.  You can rent a house and rent/hire a car.

11.  Here is the fifty dollars I owe you.

12.  The best things in life are free.


Spender/saver Borrower/lender Winnings/losses

Losses/profits High prices/low prices Sellers/buyers

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