Wednesday, May 4, 2011

Money

Verbs: to be, live, explain, would like to, help, recognize, have, equal, see, find, understand, work, can, pay, sound, know, work, come, take, charge.

 
Jenny is an exchange student from Beijing. She lives with her host family in Atlanta. Her host mother, Tracy is explaining her currency now.



Tracy: We would like to help you recognize the American currency.

Jenny: OK. How many types of coins do we have?

Tracy: There are six coins. A penny is one cent; it equals $0.01.
           A nickel is five cents; it equals $0.05. A dime is ten cents; it
           equals $0.10. A quarter is twenty-five cents; it equals
           $0.25. A half dollar is fifty cents; it equals $0.50. A silver
           dollar is one dollar; it equals $1.00.

Jenny:  I see.  How many bills do you have?

Tracy: There are also six bills, a one-dollar bill, a five-dollar bill, a
           ten-dollar bill, a twenty-dollar bill, a fifty-dollar bill, and a
           one-hundred-dollar bill. However, it is hard to find
           fifty-dollar bills and one-hundred-dollar bills.

Jenny:  Since I understand how the American currency works, how
           do I pay for my daily expenses?

Tracy: Well, it is simple. You can pay by cash, a credit card, a debit
           card, and a personal check.

Jenny: It sounds simple, but I would like to know the difference
           between a credit card and a debit card.

Tracy: The main difference is a debit card takes it from your
           checking account and a credit card charges it to your line of
           credit. By the way, you can use personal checks to make
           most of the payments.

Jenny: Thank you so much for your help! I am ready to go
           shopping!

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