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Money and Trade Questions- Ms JOY

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  • Judgement
    The ability to make good decisions or opinions.
  • Understanding these roles helps you
    follow the logic and purpose of the text more clearly.
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  • In your opinion, is it better to budget money with cash envelopes or by tracking card expenses?
    πŸ‘‰ Why do you think that method works better?
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  • Foreign Exchange πŸŒπŸ’±
    πŸ‘‰ Changing money from one country into the money of another country.
  • Example:
    You make a payment when you buy a ticket.
  • Convenience
    Something that makes life easier or quicker.
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  • Example:
    The school has a policy about wearing uniforms.
  • When you travel, do you prefer to carry local cash or rely on cards?
    πŸ‘‰ Why do you make that choice?
  • Example:
    A bank underwrites (guarantees) a loan.
  • Quoting:
    β†’ This sentence uses someone’s exact words to support a point.
  • Signify
    To mean or show something.
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  • This reading skill helps you figure out why a sentence is written β€” what its purpose or function is in the text.
    Knowing this helps you understand how information is organized and how ideas connect.
  • Example:
    β€œSumerian tokens were an early form of money.”
  • Condition:
    β†’ This sentence shows a β€œif–then” situation, explaining what happens under certain conditions.
  • Commodify
    To turn something into a product that can be bought or sold.
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  • Example:
    β€œThe first universal credit card was the Diners Club card.”
  • Do you think online shopping has changed the way people pay for things?
    πŸ‘‰ How has it changed your habits, if at all?
  • Example:
    β€œToday’s money has value because a government says that it does.”
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  • Example:
    Sumer had some of the earliest cities and writing systems.
  • Example:
    A book is tangible- an idea is not.
  • Example:
    β€œIf you heat gold, it melts easily, making it ideal for creating coins.”
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  • New
    Vocabulary
  • Example:
    β€œThere are two types of money: commodity and fiat.”
  • Bill πŸ’΅
    πŸ‘‰ A piece of paper that shows how much money you must pay for something (like at a restaurant or for electricity).
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  • Here are the
    examples and their meanings:
  • NEW
    VOCABULARY
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  • Defining:
    β†’ This sentence gives a definition. It tells what something is.
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  • Each sentence in a paragraph serves a specific role β€”
    to define, classify, quote, report, show cause/effect, state a condition, or name something.
  • Inflation πŸ“ˆ
    πŸ‘‰ When the prices of goods and services go up, and money buys less than before.
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  • TOPIC
    β€œUnderstanding the Function of Sentences.”
  • Example:
    A stable bridge is safe to cross.
  • Bearer
    A person who carries or holds something.
  • Cowrie Shells
    Small sea shells that were once used as money in many parts of the world.
  • Example:
    Buying a snack at a store is a transaction.
  • Have you ever used a gift card or store voucher?
    πŸ‘‰ How did you feel about using it?
  • Example:
    The teacher praised her student’s good judgement in choosing a project.
  • Underwrites
    Promises to support or guarantee something, especially financially.
  • Transactions
    Exchanges where people buy, sell, or trade something.
  • Example:
    A red light can signify β€œstop” on the road.
  • Classifying:
    β†’ This sentence divides things into groups or categories.
  • Can you remember a time when you couldn’t pay because you didn’t have the right payment method?
    πŸ‘‰ How did you solve the problem?
  • Example:
    Turning art into items to sell is a way to commodify it.
  • Essentially
    Basically or most importantly.
  • Example:
    β€œAs economist Maynard Keynes said, β€˜Ideas shape the course of history.’”
  • Example:
    Because of inflation, the same basket of food costs more this year than last year.
  • Payment
    Money or something of value given in return for goods or services.
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  • Example:
    At the airport, we went to a foreign exchange counter to change pesos into dollars.
  • Tangible
    Something you can touch or physically feel.
  • Cause–Effect:
    β†’ This sentence explains a reason or result (why something happens).
  • Credit Card πŸ’³
    πŸ‘‰ A plastic card from a bank that lets you buy things now and pay for them later.
  • Example:
    Loud noises can trigger a dog to bark.
  • Reporting:
    β†’ This sentence shares information from a source or expert.
  • Sumer
    One of the world’s first civilizations, located in what is now southern Iraq.Β Region of Ancient Mesopotamia
  • Example:
    β€œAccording to archeologists, the first money was Sumerian tokens.”
  • Example:
    The bearer of a ticket is the person who has it and can use it.
  • Example:
    She used her credit card to buy a new jacket online.
  • Policy
    A plan of action or set of rules made by a person, company, or government.
  • Naming:
    β†’ This sentence simply identifies or names something.
  • If you could design a new way of paying for things in the future, what would it be like?
    πŸ‘‰ How would it make life easier for people?
  • βœ…
    In short:
  • Stable
    Not likely to change or fall apart- steady and secure.
  • Trigger
    To cause something to start or happen.
  • Example:
    After eating at the restaurant, the waiter gave us the bill.
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  • Example:
    Having a store nearby is a convenience.
  • How do you usually pay for small items like snacks or drinks?
    πŸ‘‰ Why do you prefer that method?
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  • Have you ever received change in coins that you didn’t like carrying?
    πŸ‘‰ How did you handle the situation?
  • How do advertisements or promotions influence your decision on how to pay?
    πŸ‘‰ Can you give an example?
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  • Do you think contactless payments are safer or riskier than traditional methods?
    πŸ‘‰ Why do you feel that way?
  • Example:
    The movie is essentially about friendship.
  • Example:
    In ancient times, people paid with cowrie shells instead of coins.