GUESS THE WORD
Rearrange the letters of the word to complete each sentence. Read the meaning aloud and use it as a clue.
ANSWER
| 1. word: |
P
R
U
C
A
H
S
E
|
| meaning: | [noun] something that you buy |
| sentence: | I talked about planning a future _________ for a house. |
| 2. word: |
L
O
V
A
T
I
L
E
|
| meaning: | [adjective] likely to change suddenly and unexpectedly, especially by getting worse |
| sentence: | Rice and meat prices are very ___________ in our country nowadays. |
| 3. word: |
C
O
E
N
O
M
Y
|
| meaning: | [noun] the system by which a country produces and uses goods and money |
| sentence: | The ___________ of the country is growing rapidly. |
DIALOGUE
Let’s read the dialogue. I will be Ron and you will be Emma. Fill in the blanks with the correct responses.
READ
Hey, Emma. I heard you’re investing in cryptocurrency. Is that true?
|
I did. My first purchase was in 2012. I’ve recently sold them out. |
|
Yes. Really? The prices of cryptocurrencies like Bitcoin and Ethereum are on an all-time high these past few months.
|
|
That’s true. That’s why I sold them all out when their prices are still high. As you know, prices of cryptocurrencies are very volatile. We’ll never know when the price will plunge down. |
|
I’ve never tried investing on cryptocurrencies despite their popularity. Anyway, have you tried investing in the stock market?
|
|
___________________. Our economy is the doing well. |
I hope this continues. We have had enough trouble since the economic decline of early 2000’s. Anyway, which company do you think will perform best this year? |
|
____________. It’s market value doubled in the last five years.
|
READING ALOUD
Read and take note of the important points in the article.
READ
Financial Action Task, an international financial organization, will team up with Japan to urge a unified cryptocurrency regulation in the coming months. This is to make sure that syndicate groups will not be able to acquire money from their victims. Cryptocurrency is a digital form of money to secure transactions online. The current leading cryptocurrency in Japan is Bitcoin. After the largest cryptocurrency scam incidents of Mt. Gox and Coincheck, Japan’s financial regulator has increased their security to fight against scams. Analysts believe that by applying unified cryptocurrency regulations and by encouraging countries to work together, cases of money scams will drop.
EXPRESSING OPINIONS
Please answer the questions about the article.
ANSWER
| 1. | What are the two names of cryptocurrencies that were hacked? |
| Answer: | |
| 2. | In your own words, describe cryptocurrency. |
| Answer: | |
| 3. | Cryptocurrency is more prone to theft/scam than actual money. Do you agree or disagree? |
| Answer: | |
| 4. | What do you think will happen if cryptocurrency fully replace all fiat (physical/actual) money in the world? |
| Answer: |
READ BETWEEN THE LINES
Please explain the meaning to the following quotes.
ANSWER
| 1. | “Wealth consists not in having great possessions, but in having few wants. ” –Epictetus |
| Answer: | |
| 2. | “Every time you borrow money, you’re robbing your future self.” -Nathan W. Morris |
| Answer: |
CONVERSATION PRACTICE
Let’s talk. Please answer my questions.
ANSWER
| 1. | What are the common payment methods in your country? |
| Answer: | |
| 2. | Do you think it’s wise to own two or more credit cards? |
| Answer: | |
| 3. | What’s the first thing you will do/buy if you were given one million US dollars? |
| Answer: | |
| 4. | People would be in a better financial situation if they would buy things in full payment and in cash. Do you agree or disagree? |
| Answer: | |
| 5. | What do you think are the best ways to prepare for one’s retirement? |
| Answer: |