UNIT 2: ITS ALL ABOUT THE MONEY

SPEAKING
What is your attitude towards money?
1. Ask students to answer the questions in the quiz individually. After they finish, get them to comment
on the answers as a class discussion. Explain vocabulary that might create problems:
question ! installment "rat#$, spending spree "shopping trip in which you spend too much money$
question % ! inconvenience "minor cause of discomfort$, drains "depletes, empties$, standing order
(arrangement with the bank to pay regular bills, for a fee$
question & ! the odd treat "something you buy rarely, as a delightful surprise$
question ' ! short of cash "not having enough money$, curb your spending "limit your spending$,
broke "informal ! having no money$
question ( ! bundle "package$
WHAT IS MONEY?
All the pictures show items used as money in a period in history or currently: credit)debit cards, shells,
tobacco "the picture shows tobacco leaves$, gold coins.
Ask students if they know when these items where used as money and by whom "some of the
answers are in the text in %*$: credit cards ! currently, shells ! used by +ative Americans, tobacco
leaves ! early ,irginia settlers, gold coins ! gold coins have been produced for about %,(-- years, the
first known were issued in .ydia about '&- *./.
2A. 1c, 2a, 3d, 4b, 5e
0iscuss the following items of vocabulary: commodity "marf#$, currency "moned#$, exchange rate
"rata de schimb valutar$, coin "1moned#2, as a physical ob3ect, to mint a coin ! a bate moned#$, legal
tender "mi3loc legal de plat#$, in bulk "in large quantities$, raw materials "materii prime$, on a spot
basis "through regular contracts, bought right then and there$, futures contracts "types of derivatives !
instrumente financiare derivate. 4he definition in the Financial Times Lexicon: 5An agreement to buy
or sell a stated amount of a security, currency or commodity at a specific future date and at a pre6
agreed price. 7utures trade on official exchanges "futures markets$, and are often used to hedge
against movements in the spot prices of the underlying asset. 4he concept is similar to a forward
contract, except that trading is more formal and regulated. 8n fact, the price of a forward contract is
often set with reference to the official futures price.9$

2B. 1. commodity, 2. unit of account, 3. the gold standard, 4. legal tender, 5. ban de!osits
SPEAKING: PERSONAL FINANCE
Who do you want to be?
3A. 1d, 2a, 3b, 4c
3B. "uggested answers #students might come u! with different answers$%
employee: benefits, security, fear, follower
self-employed: quality of work , independence, freedom, perfectionism
Do it yourself, I am the best in the field, I do things my way
business owner% social responsibility, creativity, leadership abilities
I want to be my own boss, I want to be in charge
investor: risk, adventure
I want lots of money
READING: THE CASH FLOW QUADRANT
4A. 1e, 2a, 3b, 4c, 5d, &f, 'h, (g
0iscuss the following items of vocabulary: earnings "income$, wages ":oint out the distinction wages
! salary: Wages is best associated with employee compensation based on the number of hours
worked multiplied by an hourly rate of pay. Salary is best associated with employee compensation
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PRACTICAL ENGLISH FOR FINANCE AND ACCOUNTING
quoted on an annual basis$, securities "titluri de valoare; bonds and shares$, shares "actiuni, *ritish
English$.
4B. 1), 2*, 3), 4), 5+,, &*, '*, ()
-.idence in the te/t%
1 0 8t would be wiser to condition ourselves, and our children into thinking: <o to school, get good
grades, build businesses, and become a successful investor.
2 0 <one are the days when the company or government can guarantee a pension for your old age.
4oday and in the future, more and more people will see that they can only rely on themselves and
their financial knowledge if they want real security.
3 0 8n reality, there is a greater risk in sticking to a 3ob than in minding your own business or putting
money in investments.
4 0 8t doesn2t take a formal education to be rich. *ill <ates, =ichael 0ell, 4ed 4urner, 4homas Edison,
>enry 7ord, ?teve @obs, Aalph .auren. 4hese people dropped out of school and built successful
businesses.
5 0 Bou can earn income in all four quadrants, regardless of what you do professionally.
*here is no comment referring to the amount of money you can earn in each 1uadrant.
& 0 =c0onalds2s is the perfect example of the business system. Everywhere in the world, all
=c0onalds2s stores operate the same way, millions of teenagers greet you in a uniform manner, and
food is prepared the same way. Anyone can make a better hamburger than =c0onald2s, but not
everyone can build an efficient operating business system like =c0onald2s.
'0 Chen you stay on the E and ? side, your taxes on income and interest on debt only increase over
time.
( 0 8t is always better to have a foot in each quadrant than in 3ust one.
GRAMMAR: TENSES REVIEW 2
5A.
:ast 4ense ?imple :ast 4ense /ontinuous :ast :erfect ?imple :ast :erfect
/ontinuous
announced were doing had worked it out had been commuting
asked were feeling
was
5B. 1b, 2a, 3c
2irect students to !age 1&1 in the ,rammar )ile for more information on the formation and use
of !ast tenses.
A student was writing his paper the evening before the presentation. 3ast *ense 4ontinuous
Ce studied tenses in high school. 3ast *ense "im!le
*y the end of last year, the number of English6speaking students had reached an impressive figure.
3ast 3erfect "im!le
54.1. ceased, 2. began, 3. shoo, 4. sat, 5. was still trying, &. ha.e remained, '. wandered5were
wandering, (. e/ited, 6. were thining, 17. seemed
52. 1. was, 2. were you doing, 3. 8as someone ever stolen95Chat were you doing95 Chat did
you do9 4. 8a.e you ever changed95 were you li.ing95 had you been li.ing 5. ha.e you been
studying &. do you remember95 was '. did you learn (. 8a.e you e.er fallen
MONEY IDIOMS
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ANSWER KEY
&A. 1a, 2:, 3b, 4c, 5d, &e, 'f, (g, 6h, 17i
&B. 1. burns a hole in my !ocet, 2. stra!!ed for cash, 3. cold hard cash, 4. tightfisted, 5. !ut in
my two cents, &. #right$ on the money, '. not worth a dime, (. got our money;s worth, 6.
bringing home the bacon, 17. red cent
&4. 1c, 2a, 3a, 4c, 5b
-/!lain the other idioms in the choices%
to !ay through the nose < to pay too much for something: If you bring a car into the city you have to
pay through the nose for parking it!
to be stone broe < completely broke, without any money; also dead broe, flat broe.
on a shoestring 0 Fig! with a very small amount of money. We lived on a shoestring for years before I
got a well"paid #ob!
nest egg 0 a fund of money kept in reserve; savings
bet on the wrong horse 0 misread the future. $e is betting on the wrong horse if he keeps supporting
the other city in their bid for the games!
!ic u! the tab 0 to pay the bill. Whenever we go out my father picks up the tab! %rder whatever you
want! The company is picking up the check!
&2. =f time is short, this e/ercise can be set as homewor.
SKILLS: PRESENTATIONS
'B.
1. welcome your audience
2. introduce your sub:ect
3. outline the structure of your !resentation
4. gi.e instructions about 1uestions
5. gi.e the main !art of the !resentation
&. sum u!
'. gi.e recommendations if a!!ro!riate
(. than your audience
6. in.ite 1uestions
'4. 1c, 2a, 3d, 4h, 5f, &e, 'g, (b
)unction >anguage
1 Welcoming your
audience
<ood morning, ladies and gentlemen
<ood morning, gentlemen
<ood afternoon, ladies and gentleman
<ood afternoon, everybody
2 =ntroducing your
sub:ect
8 am going to talk today about...
4he purpose of my presentation is to introduce our new range of...
3 ?utlining your
structure
4o start with, 8Dll describe the progress made this year. 4hen 8Dll mention
some of the problems weDve encountered and how we overcame them.
After that, 8Dll consider the possibilities for further growth next year.
7inally, 8Dll summarize my presentation "before concluding with some
recommendations$.
4 ,i.ing instructions
about 1uestions
0o feel free to interrupt me if you have any questions.
8Dll try to answer all of your questions after the presentation.
8 plan to keep some time for questions after the presentation.
5 "umming u! 4o conclude,...
8n conclusion,...
+ow, to sum up...
?o let me summarise)recap what 8Dve said.
7inally, may 8 remind you of some of the main points weDve
considered.
& ,i.ing
recommendations
8n conclusion, my recommendations are...
8 therefore suggest)propose)recommend the following strategy.
' *haning your
audience
=any thanks for your attention.
=ay 8 thank you all for being such an attentive audience.
( =n.iting 1uestions +ow 8Dll try to answer any questions you may have.
/an 8 answer any questionsE
Are there any questionsE
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PRACTICAL ENGLISH FOR FINANCE AND ACCOUNTING
0o you have any questionsE
Are there any final questionsE
READING: HANG UP AND PRESENT
'-.
. Bes. >owever, someone with <iuliani2s fame can get away with it.
%. Bes, as long as you do not try to overdo it, and you know what confidence 1looks like and sounds
like2.
F. 4he key to success is being present with your audience.
&. Audiences do not care about the presenter, they care about the benefits the presentation brings
them.
LISTENING: HOW TO IMPROVE YOUR PRESENTATIONS
(A. 4he second presentation is much better, for the reasons listed in the table.
)irst !resentation "econd !resentation
>esitations
8nformal language ! stuff
?peaks slowly
Aepetitive 6 and
+o conclusion
>as a beginning
=ore confident
=ore organized
Enthusiastic
?tresses words ! fresh
(B.
)irst !resentation feedbac
4he content was fantastic @
Critten down it would seem terrible
/orrect: Critten down it would seem tremendous
Bou said all the right things @
8t should cross a little bit more @
8t should be longer
Bou seemed comfortable
/orrect: Bou seemed uncomfortable
Bou didn2t really care about what you were
presenting
@
Bou were excited about what you presented
/orrect: *e more excited about it
.ook at the audience @
@ust get the information across
Bou should fire people2s imagination @
:ro3ect it more @
.et your hands come out @
Bou should change the content
/orrect: 0on2t change the content
8t2s the delivery that needs to be improved @
"econd !resentation feedbac @
Bou really pro3ected your personality @
Bou were in charge of your emotional state
/orrect: Bou were in charge of their emotional state
Bou pro3ected positive energy @
4he audience didn2t respond to you
/orrect: 4he audience responded to you
Bour hands came out @
Bou had a smile on your face @
4he content changed
Bou were not selling the benefits
/orrect: Bou were selling the benefits
4he way the audience reacts changes the way
you feel about the presentation
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ANSWER KEY
/orrect: 4he way you feel about it changes the way
your audience reacts
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