Easy Exercises

Money talks

Don�t be surprised the next time you�re handed a 50-baht paper banknote as change. It�s not counterfeit� it�s legal tender and you can pay for anything you want with it. The new banknote will soon replace the glossy, light blue ones we�re all familiar with. Read the following story from the �Bangkok Post� and work with a friend to do the following exercises.

Photograph courtesy of Bangkok Post

A bank official examines some of the features of the new 50-baht paper banknote under an ultraviolet light.

The Bank of Thailand will soon be issuing new paper 50-baht banknotes to replace the current notes, said Ithichai Chanthrindhu, senior director for the bank. The size and design of the paper banknotes will remain unchanged and will be easier to maintain than the polymer ones, whose colours tend to fade once folded. The central bank first introduced the polymer notes in 1996.

IN THE MONEY

Ithichai said the new paper notes will include special foil fibres as a fraud prevention measure. He noted that a recent trend has seen counterfeiters changing from 500-baht banknotes to 100 baht, due to the large amount in the market. The central bank is stepping up efforts to detect banknote fraud through co-operation with related agencies. Banknote fraud is especially common in provinces along the country�s borders, Ithichai said.

Exercises

Rearrange the following letters to spell a word associated with banking and match the rearranged words on the left with the corresponding definition on the right.

Q-U-C-H-E-E

S-O-I-C-N

P-S-O-I-D-E-T

F-S-E-A

W-T-H-D-R-W-A-I

R-C-R-U-N-Y-E-C

T-C-E-D-R-I    C-D-A-R

- A strong metal box or cupboard with a complicated lock, used for storing valuable things in, for example, money or jewels.

- A small flat piece of metal used as money.

- To put money into a bank account.

- To take money out of a bank account.

- A printed form that you can write on and sign as a way of paying for something instead of using money.

- A small plastic card that you can use to buy goods and services and pay for them later.

- The system of money that a country uses.

Vocabulary

legal tender (n): money that can be legally used to pay for things in a particular country

maintain (v): to make something continue at the same level, standard, etc.

fraud (n): the crime of deceiving somebody in order to get money or goods illegally

counterfeiter (n): a person who counterfeits money or goods

counterfeit (v): to make an exact copy of something in order to trick people into thinking that it is the real thing

detect (v): to discover or notice something, especially something that is not easy to see, hear, etc.

IDIOM

to be in the money: to have a lot of money to spend

 

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November 1st, 2004 Edition