Unit 2 Facts About Money

A. Read the text bellow !

Fact About Money
Money such as interesting topic to discuss and to trace back since nobody is not
familiar with this things. The following paragraph are some fact about money
Let's start with the definition of money. Money is a system of value that
facilitates the exchange of goods in an economy. Using money allows buyers and sellers
to pay less in transaction costs, compared to barter trading. Money is used to pay for
various goods and services. It is also used to measure and store values.
Money is usually in the form of coins, banknotes and bank balances. There are a
number of different currencies used in countries around the world. Many countries have
their own currencies, while some use a common currency. An example of a common
currency is the euro which is used in the European Union by countries such as France,
Germany, and Spain. The most traded currency worldwide is the United States dollar.
Other widely traded currencies include the euro, the Japanese yen and the pound sterling
(British pound). It is believed that products such as livestock and grain were used for
barter (exchange of goods and services without using money) more than 10,000 years
ago.
The first coins were minted (made) about 2,500 years ago. Paper money was first
used in China more than 1,000 years ago. The advantage of metal coins is that they are
easy to carry and durable. The original value of one British pound was equal to one
pound (by weight) of silver. Coins and banknotes are popular items among collectors,
especially those that are rare, old, and misprinted. Inflation reduces the purchasing power
of money over time

B. Task 1 (reading )
Fill in the essay questions below!

1. What do you know about money ?

2. What the function of money?
3. What are the difference between coin and banknotes? Explain with your own word!
4. Why coin and banknotes are popular items among collector?
5. Give 3 example currencies of some country that you know !
C. Task 2 (vocabulary )
Match this vocabulary with the definitions below!

 Money  Banknotes  pay

 buyers  coins  collector
 dollar  euro  seller

1. People who make transactions using money to get something (goods) that he wants.
2. The unit of money used in the USA, Canada, Australia, and some other countries.
3. A piece of paper that has a value used for buying and selling transactions.
4. Metal used as a transaction instrument which is a small nominal medium of exchange in
the form of a round.
5. The unit of money used in most European Union countries.
6. Something in the form of coins or paper used as a medium of exchange, a measure of
value, or a means of payment.
7. Give money to someone for something you want to buy or for services provided.
8. Someone who collects certain things as a job or as a hobby.
9. A person or entity involved in the exchange of goods and services in exchange for cash.

D. Task 3 ( speaking)
Work in pairs. Look at Fahira’s monthly budget and answer these questions.
1. How much does Fahira pay for makeup and skin care?
2. How much salary does Fahira receive?
3. How much does Fahira pay for home insurance ?
Income Outgoings nominal
Salary : Rp. 5.500.000
 Electricity : Monthly payment Rp. 170.000
 Home insurance : Monthly payment Rp. 2.235.000
 Food Rp. 100.000
 Shooping Rp. 300.000
 Car insurance : monthly payment Rp. 500.000
 Credit card Rp. 200.000
Rp. 100.000
 Petrol
Rp. 500.000
 Make up and skin care
Rp. 100.000
 lottery club : Monthly payment

Simple Present
We use simple present to talk about fact,
habits, and reapeted action
 She pays her car insurance every month
( reapeted action)
 1 use money to buy something ( fact)
 We withdraw cash at an ATM (habit)
E. Task 4 (speaking)
Look at the question in task 3. Write five more question about Fahira’s income and
outgoings. Then ask the partner.
A: How much does Fahira pay for petrol ?
B: she pays Rp. 100.000

F. Task 5
Write your own monthly budget. Show your income and outgoings. What is your
balance at the end of the month? Ask your partner about their monthly budget,
income and outgoings.

G. Task 6 ( writing )
Write a short report about the money that you spend each month.
Every month I receive…… I pay for ….. I buy….

H. Task 7 ( Listening )