| word | meaning | example |
|---|---|---|
| function | what something is used for | Money and its Functions |
| currency | the metal or paper medium of exchange that is presently used | Many people think of money as a currency – metal coins and paper bills. |
| service | an act of help or assistance | So, money is a way of exchanging goods and services. |
| object | a tangible and visible entity; an entity that can cast a shadow | They traded objects. |
| barter | exchange goods without involving money | This is called barter. |
| weigh | have a certain weight | They had advantages because you could weigh them. |
| value | the quality (positive or negative) that renders something desirable or valuable | Their value was guaranteed by the government. |
| century | a period of 100 years | Until the middle of the 20th century governments all over the world had deposits of gold that was worth as much as the money they gave to their people. |
| inflation | an overall rise in the price of goods and services in an economy | We call this inflation. |
| control | power to direct or determine | Today, the amount of money in circulation is controlled by central banks. |
| constant | uninterrupted in time and indefinitely long continuing | They make sure that paper money has constant value. |
| transfer | move from one place to another | Information about money was sent from bank to bank, so you could have your money transferred from one place to another without touching it. |
| assistant | a person who contributes to the fulfillment of a need or furtherance of an effort or purpose | The customer signs a small slip of paper and the shop assistant sends it to the bank and gets his money at once. |
| stock exchange | a market where securities are bought and sold | When banks and stock exchanges began using the Euro in 1999 it was worth 1.17 US dollars. |
| design | the act of working out the form of something (as by making a sketch or outline or plan) | The colourful euro banknotes were designed by the Austrian Robert Kalina. |
| range | an area of variation between upper and lower limits on a particular scale | They range from € 5 to € 500 and have a map, the EU flag, as well as arches, bridges and windows on them. |
| arch | (architecture) a masonry construction (usually curved) for spanning an opening and supporting the weight above it | |
| introduce | bring something new to an environment | People in favour of introducing the Euro argue that the European currency will increase trade among European countries. |
| unify | join or combine | It could also unify the union and make it stronger. |
| expert | a person with special knowledge or ability who performs skillfully | Many economic experts also predict that the Euro can compete with the US dollar as an important international currency. |
Exercise
Open the exercise to begin the activity. Follow the instructions in the document.