The United States Dollar

The United States dollar, denoted by USD or the symbol $, is the official currency used in the United States. Commonly referred to as the "American dollar," the currency is divided into 100 cents (symbol ¢).

The dollar is considered the standard unit of currency in commodity markets across the globe (namely gold and oil). At the present time, the U.S. dollar remains the world's foremost reserve currency. The majority of U.S. notes are actually held outside the United States.

Comprehension

Answer the following questions.

1. What is money?

2. What are the most important functions of money?

3. What is the official currency of the UK?

4. The pound sterling is the highest valued of the major currency units, isn’t it?

5. Are there any portraits on the banknotes? Describe one of them.

6. What is the official currency of the USA?

7. Where is the dollar used?

Vocabulary

Match the words from column A with the words from column B to make a phrase.

A	B
1) standard unit of	a) exchange
2) to provide	b) cost
3) to improve	c) currency
4) a medium of	d) a loan
5) commodity	e) living conditions
6) to keep	f) outstanding debts
7) to make	g) accounts
8) to hold	h) a store of wealth
9) to pay	i) any income
10) to calculate	j) markets

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