Lesson 7 Ess KEY

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ENGLISH FOR SOCIAL SCIENTISTS 2012-13 UNEDLESSON 7.Money: Currencies, figures, prices, expenses

Autoras Margarita Goded y Lourdes Pomposo

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LESSON 7.

Money: Currencies, figures, prices, expenses

PART 1. USE OF LANGUAGE.

Practice 1.

In the following exercise you have to choose the suitable tense. They are all related to the present and

the past, but they can be in the continuous form too.

1. Do you mean that the Minister stole/has stolen/ has been stealing money all this time?

2. You look very guilty. What did you do/have you done / have you been doing since I left /I have left the

room?

3. Its a long time since I saw /have seen/have been seeing you . What did you do/have you done/ have

you been doing lately?

4. Im having problems with my ex-husband. He has called /has been calling me up to work to

come /and came back home.5. How long did you have/have you had/ have you been having driving lessons? And did you take /have

you taken /have you been taking your test yet?

PRACTICE 1.

Complete this report comparing three airlines using the following quantifiers: more, fewer, less, (not)

as many, (not) as much, the most, the fewest and the least. (Exercise adapted from Grammar for

Business (2009) C.U.P. Mc Carthy. M.,McCarten, J, Clark, D. & Clark, R.)

Happy Flying had a mixed year. They had (1)___MORE_________ passengers than close rival Sunny Days

and in fact had (2) __THE MOST____________ passengers of the three airlines. However, there are

dangerous signs for the company. Happy Flying generated (3) ___LESS________revenue than Sunny

Days, and New World made almost (4) _AS MUCH___________ profit as Happy Fliying with half the

passenger numbers. Sunny Days had a good year, making (5) __THE MOST___________profit of all three

airlines and giving away (6) ___THE FEWEST____________ free seats. Although they didnt fly (7) _AS

MANY_______________passengers as their big rival Happy Flying, Sunny Days generated (8)

_____MORE_________ revenue than Happy Flying, probably because it gave away (9) __FEWER/THEFEWEST__________ free seats. New World generated (10) __THE LEAST___________ revenue, and gave


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away (11) __THE MOST_________ seats, but they have the best revenue-to-profit ratio of any of the

airlines. Happy Flying , the biggest carrier, made (12) _THE LEAST___________profit in relation to

revenue.

READING COMPREHENSION. EXERCISE 2.

- Read the following extract from the Financial Times:

a) complete the chart

b) are the following sentences true or false?

(Exercise adapted from Market Leader . Intermediate. (2005) Cotton, D., Falvey, D. & Kent, S.)

WAL MART

a)

Wal Mart 4 th quarter Wal Mart Full year

Total profits 2.7bn 8.9bn

% increase in profits/earnings 11% 13.3%

Earnings per share 63 cents 2.03

Sales revenue 74.5 bn 256.3 bn

b)

1. WM feels confident about the future. T

2. WM has developed a fashionable image. F

3. WM had particularly good results overseas in the last 12 months. T

4. WM is planning to increase prices. T

5. WM feels its success is due to the variety of its goods. T

READING COMPREHENSION. EXERCISE 3

Answer the following questions.

1. Where does the word currency come from? From Middle English curraunt, meaning in

circulation


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2. What is the meaning of currency nowadays ? It is a system of money (monetary units) in

common use, especially in a nation.

3. Who has the control over the emission of coins and banknotes? In most cases, a central

bank has monopoly control over emission of coins and banknotes

4. Who controls the currency of each country? A central bank or by a Ministry of Finance

5. How does the currency system work in USA ? In the United States, the Federal Reserve

System operates without direct oversight by the legislative or executive branches

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Lesson 7 Ess KEY