1.1. Money, money, money

Do it yourself

Read the text and complete the table below 

Currencies in English-speaking countries

dólares

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British money is measured in pounds sterling and pence, though people mostly just say pounds and pence. 100 pence = 1 pound. Currency is either written as 50GBP or £50, with coins less than £1 called pence or p. (50 pence = 50p, or half of a pound). Collectively, paper money is known as notes.

American money is divided into dollars and cents. 100 cents = 1 dollar. Currency is either written as USD100 or $100, with coins less than 1 dollar called cents and written as 50¢. Collectively, paper money is known as bills.

Currency in Canada is also called dollars and cents. It is written as 1CAD, C$1 or $1. Collectively, paper money is called bills.

In Australia, money is divided into dollars and cents. Collectively, Australian dollars are called notes.

New Zealand currency is divided into dollars and cents. Collectively, New Zealand dollars are called notes. It is written as 50NZD, NZ$50 or $50.

Source: Adapted from http://kaplaninternational.com/blog/quick-english-money-talks/

Country Currency Value of currency unit How to write it Name for paper money
UK Sterling 100

£1

Dollars 100 cents

$1

CANADA 100

C$1

$1

bills
Dollars 100 cents (doesn't say)
NEW ZEALAND cents

$1

$1

notes

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