Ex.24. Read the text again. Decide whether these statements are true or false. Correct the false statements

1. The United States, Canada and Australia have the single currency, which is the dollar.

2. There are other countries where the US dollar is used as their official currency and legal tender. This process is known as official dollarisation.

3. The motto “In God We Trust” is inscribed on the Australian, Canadian and US dollars.

4. Traveller's cheques are particularly good as money for those who are travelling.

5. The pound sterling is the second-most -traded currency in the foreign exchange market after the US dollar.

6. The euro is not the currency for all EU Member States.

7. The design of euro banknotes helps people who are visually impaired.

8. A member of the European Union, the United Kingdom has adopted the euro as its currency.

9. The introduction of the euro in 1999 was a major step in the European integration.

10. The euro today has become the first most important international currency.

Ex. 25. Answer the following questions. Refer to the text if needed.

1. Why does a single currency make economic and political sense?

2. What does the euro as a common currency give to the European Union?

3. Have all the European Union’s member states adopted the euro?

4. When were euro banknotes and coins introduced?

5. Where do people normally buy or sell foreign currency if they need it?