86: Currency (18-25 minutes)

Transcription

1 Main Topic 16: International Affairs Lesson Today, you will practice your Reading and Listening Skills as you study texts related to FOREIGN CURRENCY. I. READING Exercise 1: What s missing? (5-6 minutes) 86: Currency (18-25 minutes) Read the following FINANCIAL NEWS UPDATE carefully. Choose the best word that would fill in the blanks. Financial News Update: GCL Department Store Slashes its 2009 Outlook Amidst mixed economic data and weak equity markets, the GCL department store 1. a. is managed b. manage c. managed d. is being managed to hold on to its recent gains ending with 0.65% higher. Its sales remained steady at $4.54 billion, but fell short of Wall Street's forecast of $5 billion. Other department stores gained only 1% last quarter, showing a continuous anxiety of a economy. 2. a. growing b. resounding c. increasing d. struggling The department store reduced its full-year outlook from $1.60 to $1.30 per share. The Board of Trustees reduced these figures prior to its target of $1.64, citing an "unpredictable consumer climate". Regular consumers tend to lessen spending and to focus on buying what are essential to their 3. a. his b. her c. its d. their everyday living. On-going promotions are being set for monthly mall wide sale. Analysts are convinced that this will increase the store s profit in the fourth quarter of

2 Exercise 2: Reading Check-up (3-4 minutes) Answer the following questions based on the previous text. 1. What is the financial news update all about? 2. If GCL Department Store would continue their ongoing promotions until the end of 2009, what would be the possible outcome? Exercise 3: Compare and Connect (3-5 minutes) Read the following PAYCHECK and try to answer the questions that follow. GCL Department Store The World s Leading Department Store PAYCHECK STUB Check Date: 08/30/2010 Period End Date: 08/20/2010 Check No.: Name: Bert Harrison Position: Marketing Supervisor Employee No.: EARNINGS RATE HOURS AMOUNT Regular $ $ Overtime $15 3 $ Bonus/Extras DEDUCTIONS/CONTRIBUTIONS Federal Income Tax - $ Social Security Tax - $ State Income Tax - $ City Income Tax - $ Medicare - $ NET PAY $ DEPOSIT BANK NAME ACCOUNT TYPE ACCOUNT NO. AMOUNT Asian Bank Checking $ (Note: In case of discrepancies, please directly inform the Payroll Department immediately.) Prepared By: Mary Samson Payroll Department GCL Department Store Questions: 1. What company is Mr. Harrison working for? 2. If in case Mr. Harrison finds any discrepancies regarding this paycheck stub, what should he do? 3. If the GCL Department Store fails to reach its target sales, what would reflect on Mr. Harrison s next paycheck? 2

3 II. LISTENING (1-2 minutes) Exercise 1: What s in the photo? Study the following picture carefully. Then listen to the audio clip that follows. Question: Which of the following statements is true about the picture? AUDIO 1 cdn.rarejob.com/material/intermediate/toeic/audio/toeic2mc_086.mp3 Exercise 2: Fill in the details (3-4 minutes) Listen to the following audio clip once then try to answer the exercises that follow. AUDIO 2 cdn.rarejob.com/material/intermediate/toeic/audio/toeic2convo_086.mp3 3

4 Read the following sentences carefully. Try to supply the missing word or phrase based on the listening clip. 1. I would like to know the latest of US dollars to Japanese yen? 2. For that, you can have 43,215 yen. 3. I also have $ 20 but the is in $1 bills. CHOICES: amount exchange rate currency denomination Exercise 3: Answering Questions (3-4 minutes) Read the following questions about the audio clip then choose the best answer from the four choices. You may opt to listen to the clip one more time with your tutor. 1. What is the name of the money changer? a. AXL Money Changer b. AXG Money Changer c. AML Money Changer d. ARL Money Changer 2. For which foreign currency does the customer want to exchange her dollars? a. Korean Won b. Indian Rupee c. Japanese Yen d. Chinese Yuan 4

5 3. How much does the customer want to exchange? a. $220 b. $330 c. $500 d. $ Which of the following statement is true? a. Smaller denominations have no exchange rates. b. Smaller denominations have higher exchange rates. c. Smaller denominations have lower exchange rates. d. Smaller denominations have the same exchange rates. 5. What is the total amount given to the customer? a. 42, Japanese yen b. 43, Japanese yen c. 44, Japanese yen d. 45, Japanese yen 5