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A CULTURE CAPSULE AMERICAN MONEY For Korean High school students By Jinkyung Cho Table of Contents • • • • • Pre-test..1~2 Vocabulary…3 Money Facts…4~12 Colloquialism..13~15 Useful Expressions About the Dollar…16 • • • • Post-test…17~18 Activity 1…19~20 Activity 2…21~22 Activity 3…23~24 Pre-test 1. 2. 3. 4. What is the name of American money? What is the American National Motto? Your American friend says, “I bought this for 30 bucks.” What is “buck” in this sentence? What is the front part and the back part of an American coin called? Pre-test Answers 1. 2. 3. 4. Dollar In God We Trust Dollar The front is called “heads” and the back is called “tails”. Vocabulary • Tender: Something that may be offered as payment, such as money. • Redeemable: Can be exchanged for a particular sum of money. • Inscription: The words on a coin or paper money. • Denomination: The denomination of a banknote or coin is its official value, such as 5 cent or 10 cent coins. Money Facts - Origin and Symbol • The origin of the dollar is the Spanish coin and the symbol of the dollar ($) comes from the number „8‟ which appears on the coin. • The name „dollar‟ derives from the thaler, which is a German coin of similar size and composition. Money Facts – Enduring Value • All forms of paper currency issued by the U.S. government since 1861 are considered legal tender and redeemable today at full face value. • The U.S. government has never devalued its currency. Money Facts – “In God We Trust” • This inscription appeared on U.S. coins in 1864 and then became the Official National Motto. • By law, it has been used on U.S. coins and paper currency since 1955. • Use of the motto has been challenged many times, but it has been upheld by the law. Money Fact – super-sized „money belt‟ and different strokes for different folks • Approximately 8 billion U.S. notes are printed each year. That‟s enough to wrap around the earth‟s equator over 30 times! • The most commonly used denominations in the U.S. are the $1 and $20; internationally, it is the $100 note. Money Facts – Dollar Notes • Today, the currency of the United States, the U.S. dollar, is printed in denominations of $1, $2, $5, $10, $20, $50, and $100. • All notes greater than $100 were retired because of declining demand. Money Facts – dollar notes (continued) • Portraits have always been an important element in American currency. • On the $1 to the $100 note, you can see George Washington, Thomas Jefferson, Abraham Lincoln, Alexander Hamilton, Andrew Jackson, Ulysses S. Grant and Benjamin Franklin. • They are all late former Presidents of the U.S. Money Facts – dollar notes (continued) • One dollar bill is the same as one hundred pennies or 100 cents. • One dollar is the same as four 25￠s, so 25￠ coin is called a quarter (1/4). • The two dollar bill is uncommon now. Money Facts – Denominations • In normal circulation, the denominations in coins are the 1￠(penny), 5￠(nickel), 10￠(dime), 25￠(quarter), 50￠(half dollar; uncommon) and $1.00 (uncommon). • The front part of the coin is called the „head‟ and the back part is the „tail.‟ Money Facts – Denominations (continued) • Quarters made after 1999 have different pictures on the tail, because these coins are being made with a different design for each state. Colloquialisms • Buck (or bucks) - It is an informal expression of „dollar‟. - It may have originated with the colonial „buckskin‟ trade. • Grand (or G) - It is a common term for the amount of $1,000. Colloquialisms - continued • Single - It is one dollar bill. • Benjamin, C-note - It is the nickname of the 100 dollar bill. - C is the Roman number for 100. Colloquialisms - continued • Eagle - means gold coins. • Mill (one dollar = 10 dimes = 1,000 mills) -This expression is no longer commonly used. -It is sometimes used in matters of tax levies and gasoline prices. Useful Expressions About the Dollar • Bet one’s bottom dollar -means „you can be sure‟. • Feel like a million dollars -means „Feel wonderful or healthy‟. • Look like a million dollars -means „Look pretty and attractive‟. Post-test 1. 2. 3. 4. 5. Has the U.S. government ever devalued its currency? What denomination of the dollar notes is most commonly used internationally? Whose portraits are shown on American currency? How much is one dollar in cents? When I say, “I feel like a million dollars”, what does it mean? Post-test Answers 1. 2. 3. 4. 5. Never $100 The late former Presidents of the U.S. 100 cents I feel wonderful or healthy. Activity 1 • Mr. Kim has 20 bucks, 3 Benjamins, and 5 singles. Find out and collect each note from your fake notes and answer how much he has. Activity 1 – Answers •$325 Crossword Puzzle • 1. 2. 3. 4. Activity 2 Across Can be exchanged for a particular sum of money American money The front of coins The money used in a country • Down 1. A type of payment 2. Bill 3. the amount of $1,000 4. dollar 5. How much money it is worth 6. 1 ￠ Activity 2 - Answers • Across 1. 2. 3. 4. Redeemable dollar Head currency • Down 1. Tender 3. Grand 5. Value 2. note 4. buck 6. penny Activity 3: Word Search • Your sister will have a wedding in another country. Now you need $1,206.25 to pay for a plane ticket. Find different denominations she needs in this word search. Activity 3 - Answers
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