Unit 8

Cash and Currencies

Look at these two pictures and find six objects in them which start with the word cash.

1

2

3

4

5

6

Cash card

Cash machine

Cash box

Cash register

Cashier

Cash

Your answer may not be in the same order as mine.

Check your answers

Here are eight more vocabulary items that include the word cash. Choose the correct definition.

1. to cash a cheque is to

a. exchange a cheque for cash

b. pay money into your account

c. pay money into someone else’s account

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

2. to cash in is to

a. sell something (shares/travelers cheques)

b. pay cash for something (shares / travelers cheques)

c. open the cash register

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

3. to cash in on is to

a. forecast the receipt of cash

b. profit from something

c. calculate money spent

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

4. a cashier is a

a. dealer of foreign currency

b. book in which payments are recorded

c. person who pays and receives money

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

5. to cash up is to

a. add up the cash at the end of the day

b. obtain cash from a bank

c. get a reimbursement

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

6. a cash crop isa. commission charged on foreign exchangeb. something that is grown in order to be soldc. a company’s reserves in cash for emergencies

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

7. cash flow is

a. the conversion rate between currencies

b. money which is immediately available

c. the movement of money into and out of a business

• Yes! That’s correct

Next question.

• No, you are wrong.

• Try again.

8. petty cash is

a. small denomination bank notes

b. money held in a business to cover small expenses

c. small denomination coins

• Yes! That’s correct

Next page.

• No, you are wrong.

• Try again.

Where do these currencies come from?

The list of countries is given to help you.

1 pesoMexico

2 schilling 3 drachma 4 cruzado 5 krona 6 rupee 7 dollar

8 naira 9 zloty 10 lira 11 yen 12 pound 13 yuan 14 mark

15 rouble 16 escudo 17 shekel 18 baht 19 rial 20 dinar 21 peseta

Austria Brazil China Germany Greece India IranIsrael Italy Japan Mexico Nigeria Poland Portugal Spain Sweden Thailand U.S.S.R. U.K.

U.S.A. Yugoslavia

Copy this information onto a word processing program and complete the table above. Then Email your instructor the that information for grading.

Read this article on Eastern Europe.

Cash is best when traveling in Eastern Europe

For travel in Eastern Europe, it is best to take cash in dollars, marks or pounds, though credit cards and travellers’ cheques are good back-up and Eurocheques, too, can be useful.

In Hungary, the Soviet Union and Romania, according to regular visitors, the dollar is king, but the mark is preferred in Czechoslovakia. Pounds are accepted but not as popular.

In those countries with an active black market, taxi drivers will exchange money for you. They are normally reliable although they do not give top rates. Do not forget, however, that it is illegal. Traveler’s cheques have one big disadvantage. Queues at banks and exchange bureau can be so long that you may have to wait for several hours to get your money.

Now find:

three places to exchange money_____________ ___________ ____________three currencies_____________ ___________ ____________three countries that prefer dollars_____________ ___________ ____________three other ways of paying_____________ ___________ ____________

Check your answers.

Back to article

Taxi drivers Banks Exchange bureau

Dollar Pound Mark

Hungary Soviet Union Romania

Credit Cards Traveller’s checks Eurocheques

Are these statements true or false, according to the article?

• The mark is more popular than the dollar in Romania.

• The mark is more popular than the pound in Czechoslovakia

• Credit cards are not accepted in Eastern Europe.

• It is illegal to exchange money with a taxi driver.

• Taxi drivers give top rates of exchange. • You may have to wait a long time to cash

traveler’s cheques.

T Fx

Next page.

x

x

x

x

x

No, that’s wrong. Try again!

• Be sure you send all your work to your instructor.

• You are ready to go on to the next unit.

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