Over To You Money Grade: ( 10 ) Module ( 3 ) Unit : ( 9 ) ثانوية عمر بن الخطاب الفترة الدراسية الثالثة العام الدراسي 2013-2014 دولة الكويت وزارة التربية منطقة الأحمدي التعليمية Over To You Grade: ( 10 ) Module ( 3 ) Unit : ( 9 ) Lessons : ( 1 & 2 ) Money Achieved by : Khaled Wafai

In your opinion, what is the importance of money in our life?

How many different ways of payment for things do you use ? Which do you think is worth the most ?

Accounting (noun) The process or action of keeping financial accounts. Definition The process or action of keeping financial accounts. Example He is studying accounting at Oxford University.

Economics (noun) Definition Relating to trade, industry, and the management of money. Example He studied economics at Kuwait University.

Management (noun) Definition The process of dealing with or controlling things or people . Example The factory is under new management.

First Part. 1.Do you think that a university degree is essential for a bank manager? 2. What did the speaker want to study ? He wanted to study economics, accounting, computer science or business management. 3. What does the word “eventually” mean ? Instantly Finally Crazily Briefly

Confidentiality (noun) Definition A situation in which you trust someone not to tell secret or private information to anyone. Example Doctors must keep the confidentiality of their patients.

Loan (n) An amount of money that you borrow from a bank. Definition An amount of money that you borrow from a bank. Example I had to take out a loan to buy my car.

Invest (verb) Definition To buy shares or goods because you hope that the value will increase and you can make a profit. Example Oliver made a fortune by investing in antique furniture..

Investment (noun) The sum of money invested to make a profit. Definition The sum of money invested to make a profit. Example We plan to buy some property as an investment.

Insurance (noun) Definition An arrangement with a company in which you pay them money, especially regularly, and they pay the costs if something bad happens, for example if you become ill or your car is damaged. Example Do you have insurance on your house and its contents?

Second Part. 1. In your viewpoint, what qualities needed for a bank manager? 2. A good title for this paragraph can be : Good management Bank services Characteristics of a bank manager Money talks 3. The opposite meaning of “honest” is : Honesty Disable Unimportant Dishonest

Barter (verb) To exchange goods for other goods without using money . Definition To exchange goods for other goods without using money . Example They bartered their grain for salt.

Transaction (noun) Definition A business deal or action, such as buying or selling something. Example The bank charges a fixed rate for each transaction.

Third Part. 1. Do you think that money is the root of evil? 2. The opposite meaning of “carefully” is : harshly carelessly richly quickly

In the past there was no money. How did people buy and sell goods? Listen to talk about the history of money to answer the following questions: 1.What did people barter in the past? Animals – shells – leather – corn - tobacco 2.When and where the first coins made? The first coins were made in Turkey over 2 and a half thousand years ago. 3.When and where the first bank notes made? The first bank notes were made in China 1200 years ago.

a. In parts of Africa shells are still used as money. Listen to the talk again. Are the following statements true or false? Justify your answer. a. In parts of Africa shells are still used as money. In parts of Africa cowry shells were used as money until the middle of the 20th century. b. The first coins were made of silver. The first coins were made of electrum. c. Before they used coins, the Greeks paid for things with long nails. d.The Chinese made paper money because they didn’t have enough gold. The Chinese made paper money because they didn’t have enough copper.

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