Ex 1. Work in pairs. Make up dialogues discussing the issues of Text A, B, C

Ex 2. Hold on a discussion in group on strengths and weaknesses of students. Exchange opinion concerning the problems raised and the advice given in the above texts. Express your personal view on the issues being discussed. Share your own experience.

Unit V

Part 1

Money: History and Functions

banknotes, coins, assets, “broad money”, commodity money, a medium of exchange, a store of value, a unit of account, barter economy

Text A

History of the word “money”

Money plays a key role in today’s economies. It is certainly no exaggeration to say that “money makes the world go round” and that modern economies could not function without money. The English word “money” is of Roman origin. In ancient Rome, however, the word “Monetor“ or “Moneta” meant advisor, i.e. a person who warns or who makes people remember. According to some historians, the meaning of the word goes back to a key event in Roman history. A flock of geese in a sanctuary of the Goddess Juno on Capitoline Hill squawked an alarm to alert the Roman defenders during an invasion of the Gauls in 390 B. C. and thus saved them from defeat. In return, the Romans built a shrine to Moneta, the goddess who warns or who gives advice. In 289 B. C. the first Roman mint was built in or near this temple, initially producing bronze and later silver coins. Many of these coins were cast with the head of Juno Moneta on their face. Hence the words “money” and “mint” are derived from her name.