Text 2 American and English Money

American money system is very simple. It is decimal like ours. There are only two units: cent and dollar. The word “dollar” originates from the German word “Thaler” (долина). There are several versions of the origin of the sign $. But the most popular is the following: this sign is the result of the evolution of the letters P and S, which is the abbreviation of the word “pesos” (the plural form of the word “peso”, Spanish currency).

100 cents is a dollar. There are the following silver coins:

one dollar

50-cent piece (half dollar)

25-cent piece (quarter)

10-cent piece (dime)

5-cent piece (“nickel”)

1-cent piece (“penny”)

A five-cent coin is called “nickel”, because it’s made of nickel. A one-cent coin is bronze or copper. Sometimes it’s colloquially called “penny”.

There is also paper money. Each dollar bill denomination has a prescribed portrait. The portraits appearing on these notes are:

George Washington (1^st President) on the $1 dollar bill

Abraham Lincoln (16^th President) on the $5 dollar bill

Alexander Hamilton (1^st Treasury Secretary) on the $10 dollar bill

Andrew Jackson (7^th President) on the $20 dollar bill

Ulysses S. Grant (18^th President) on the $50 dollar bill

Benjamin Franklin (scientist, diplomat, public figure) on the $100 dollar bill.

Notes of the $500, $1000, $5000, $10000, $100000 denominations are being withdrawn from circulation. The national motto “In God we trust” appears on all the US bank-notes and coins.

The system of English money is rather peculiar and may seem strange to those who are used to the decimal system. There are the following units:

Pound-(p-sterling)

Shilling-s

Penny-d

There are 20 shillings in a pound and there are 12 pence in a shilling.

There are the following copper coins:

Penny-d

Halfpenny-1/2

Farthing-1/4

Sixpence-6d

Shilling-1s

Two shilling piece

Half-crown-2s6d.

There also used to be a silver coin worth 5s, called crown, but it is out of use now. English paper money - 1pound note, 10s, 5, 10, 50, 100, 1000.

На основе текста, расскажите о российской денежной системе.

Литература

1. Воронцова И.И. Английский язык для студентов экономических факультетов: учеб. пособие. М., 1998.

2. Глушенкова Е.В. Элементарный английский для экономистов. М., 2004.

3. Мамаева Н.Л. Английский язык для экономистов. М., 2003.

4. Федотова О.Л. Бизнес на английском языке. М., 2003.

5. Федотова О.Л. Английский язык для поступающих в аспирантуру. М., 2004.

АНГЛИЙСКИЙ ЯЗЫК ДЛЯ СТУДЕНТОВ

ЭКОНОМИЧЕСКОГО ФАКУЛЬТЕТА

Учебное пособие

Составители:

Елена Валентиновна Камарская,

Вероника Витальевна Корепанова,

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