Easy Beginner English Listening Course Lesson: Canadian & American Money 💲💵💲 Comprehensible Input

Introduction

In this section, the speakers introduce themselves and discuss the date and time of the video.

Introductions

• Christian introduces himself.

• Luke introduces himself.

• The speakers confirm that it is Saturday, January 7th, 2023.

• They discuss that it is a new year and mention the current month.

Date Confirmation

In this section, the speakers confirm the current year.

Current Year

• The speakers confirm that it is currently 2023.

Sleep Discussion Recap

In this section, the speakers recap their previous discussion on sleep from a previous video.

Recap of Previous Video

• The speakers recap their previous discussion on bedtime and waking up times.

Money Discussion Introduction

In this section, the speakers introduce their topic for this video: money.

Introduction to Money Discussion

• The speakers introduce their topic for this video: money.

• They notice a dollar sign on some paper and begin discussing different types of currency.

Types of Currency

In this section, the speakers discuss different types of currency used around the world.

Types of Currency

• The speakers discuss different types of currency such as pounds, dollars, euros, yen etc.

• They ask students what kind of money they use in their countries. Lucas mentions Brazil uses "real" as its currency.

Conclusion

In this section, the speakers conclude their discussion on money.

Conclusion

• The speakers conclude their discussion on money.

South Korean Currency

In this section, the speaker discusses the currency used in South Korea and provides information about its value compared to US dollars.

South Korean Currency

• South Korea uses the won as its currency.

• The symbol for the won is similar to a "W" with two lines through it.

• A 500 won coin is worth 40 cents in US dollars, while a 1000 won banknote is worth around 80 cents.

• One US dollar is equivalent to approximately 1254 won.

Peruvian and Egyptian Currencies

In this section, the speaker discusses the currencies used in Peru and Egypt.

Peruvian Currency

• Peru uses the sol as its currency.

• The symbol for the sol is a big "S" with brackets around it.

Egyptian Currency

• Egypt uses the pound as its currency.

Currencies of Different Countries

In this section, the speaker discusses the currencies used in different countries.

Currencies of Egypt and Mexico

• The Egyptian currency is called the Egyptian pound and is denoted by a pound sign and E.

• The Mexican currency is called the peso and is denoted by a dollar sign.

Currency of South Korea

• The South Korean currency is called the won.

Currency of China

• The Chinese currency is called RMB or Renminbi, also known as Chinese Yuan. It can be denoted by either ¥ or 元 symbols.

Exchange Rates

• 1 US dollar is worth around 7 Chinese yuan.

• 36 yuan are worth about $5 USD.

American Currency

In this section, the speaker talks about American currency.

American Dollar

• The United States uses the US dollar as its currency.

• American banknotes come in denominations of $1, $5, and $10 bills.

Different Denominations of US Currency

In this section, the speaker discusses different denominations of US currency and their corresponding values.

Different Denominations

• There are different denominations of US currency such as one dollar bills, five dollar bills, ten dollar bills, twenty dollar bills, fifty dollar bills and hundred dollar bills.

• One can trade a ten-dollar bill for five one-dollar bills and a five-dollar bill.

• The speaker has a twenty-dollar bill with the image of the Capitol Building on it.

• The speaker also has a fifty-dollar bill with Ulysses S Grant's face on it.

• The speaker has a hundred-dollar bill with Benjamin Franklin's face on it.

Famous Americans on Dollar Bills

• Benjamin Franklin is the most famous American whose face appears on the hundred-dollar bill.

• Ulysses S Grant's face appears on the fifty-dollar bill. He was both a general and president of the United States.

• Andrew Jackson's face appears on the twenty-dollar bill. He was also a former president of the United States.

The White House and US Presidents

In this section, the speaker talks about the White House and its significance in relation to US presidents.

The White House

• The White House is an important building in Washington DC where US presidents live while in office.

• Joe Biden is currently serving as President of the United States and lives in the White House.

• Donald Trump was the previous president before Joe Biden.

• Barack Obama was a former president who also lived in the White House.

Ulysses S Grant

In this section, the speaker talks about Ulysses S Grant, whose face appears on the US fifty-dollar bill.

Ulysses S Grant

• Ulysses S Grant was both a general and president of the United States.

• He is featured on the US fifty-dollar bill.

American Currency

In this section, the speakers discuss American currency, including banknotes and coins. They mention the denominations of bills and who is featured on each one. They also talk about the value of coins and their physical characteristics.

Denominations of Bills

• The U.S. has several denominations of bills, including the $1, $5, $10, $20, $50, and $100 bills.

• Alexander Hamilton is featured on the $10 bill but was not a president.

• Abraham Lincoln is featured on the $5 bill and was a famous U.S. president.

• George Washington is featured on the $1 bill and was the first U.S. president.

Two Dollar Bill

• The two dollar bill is a rare denomination in America that people do not use every day.

• Some Americans may not even know about it or have seen it before.

Coins

• Coins are made of metal and come in different denominations.

• The penny (one cent), featuring Abraham Lincoln like the five dollar bill, is worth one cent.

• A nickel (five cents), featuring Thomas Jefferson, is worth five cents.

Understanding US and Canadian Currency

In this section, the speaker explains the different coins and banknotes used in the United States and Canada.

US Currency

• Ten dimes make one dollar.

• A quarter is worth 25 cents.

• Four quarters make a dollar.

• The half-dollar coin is rare and worth 50 cents.

Canadian Currency

• The smallest denomination of Canadian currency is the five-dollar polymer banknote.

• Other denominations include ten dollars and twenty dollars, featuring former prime ministers Sir John A. McDonald and Sir Wilfred Laurier, respectively.

• Queen Elizabeth II is featured on the twenty-dollar bill as she was also the queen of Canada until her death in 2022. King Charles III is now the king of England.

Differences Between US Dollar and Canadian Dollar

In this section, the speaker explains that both countries have their own currencies but they are called "dollars."

US Dollar vs. Canadian Dollar

• The currency used in Canada is called the Canadian dollar.

• Both countries use paper money for their currency but Canada uses polymer banknotes instead of paper bills like in the United States.

Polymer Banknotes

In this section, the speaker explains what polymer banknotes are and how they differ from traditional paper bills.

Polymer Banknotes vs. Paper Bills

• Polymer banknotes are made of plastic and are more durable than paper bills.

• They cannot be easily ripped or torn like paper bills.

Prime Ministers on Canadian Banknotes

In this section, the speaker explains that Canadian banknotes feature former prime ministers instead of presidents like in the United States.

Sir John A. McDonald

• Sir John A. McDonald was the first prime minister of Canada and is featured on the ten-dollar bill.

Sir Wilfred Laurier

• Sir Wilfred Laurier was also a former prime minister and is featured on the five-dollar bill.

Queen Elizabeth II and King Charles III

In this section, the speaker explains who Queen Elizabeth II is and how she relates to Canada's currency. The speaker also mentions that King Charles III is now the king of England.

Queen Elizabeth II

• Queen Elizabeth II was the queen of England and Canada until her death in 2022.

• She is featured on the twenty-dollar bill in Canada.

King Charles III

• King Charles III is now the king of England.

Canadian Currency

In this section, the speaker talks about the history of Canadian currency and the current banknotes in circulation.

Queen Elizabeth on Canadian Money

• Queen Elizabeth II was featured on Canadian money for a long time.

• The speaker shows an old one dollar bill with a young Queen Elizabeth II and a newer twenty dollar bill with an older Queen Elizabeth II.

• King Charles III is now the monarch, so he may be featured on future banknotes.

Canadian Banknotes

• The speaker shows a fifty dollar bill featuring William Lyon Mackenzie King and a hundred dollar bill featuring Sir Robert Borden.

• The speaker also shows five, ten, and twenty dollar bills.

• Canada used to have one and two dollar bills, but now has one and two dollar coins instead.

Exchange Rate

• One US dollar is worth 1.34 Canadian dollars.

• However, exchange rate does not necessarily indicate strength or value of currency.

Canadian Two Dollar Coin

In this section, the speaker talks about the design of the Canadian two dollar coin.

Design Features

• The coin features Queen Elizabeth II on one side and a polar bear on the other side.

• Polar bears are white bears that live up north in Canada.

Canadian Coins

In this section, the speaker explains the names and designs of Canadian coins.

The Toony and The Looney

• The two-dollar coin in Canada is called the "toony" because it has a loon bird on it.

• The one-dollar coin in Canada is called the "looney" because it also has a loon bird on it.

• Two loonies make a toony, hence the name.

• Other coins include the quarter with a caribou on it, the dime with a sailing ship on it, and the nickel with a beaver on it.

Discontinuation of Canadian Penny

In this section, the speaker talks about why Canada stopped making pennies.

Discontinuation of Pennies

• In 2012, Canada stopped making pennies because they were worth very little and could not buy anything.

• An old Canadian penny has been shown from 2011.

Cash and Payment Methods

The speaker discusses the use of cash and payment methods in Canada and the US.

Cash Usage

• In Canada, even a small coffee costs one or two dollars, which requires many pennies to purchase.

• In 2012, Canada stopped making pennies. The US still makes them.

• In 1987, Canada introduced the dollar coin (the Looney). In 1989, they stopped making dollar bills.

• Dollar bills are now rare in Canada.

Payment Methods

• People in North America are using cash less frequently since around 2012.

• Credit cards were popular before people started using their phones for payments.

• Debit cards are also commonly used for payments.

• Mobile payments involve tapping or waving a phone over a payment terminal.

Future of Cash

• People may stop using cash altogether by 2030 or 2040.

Keeping Money

The speaker discusses what he does with his Canadian money and asks Luke what he does with his American money.

Keeping Money

• The speaker deposited cash at an ATM but plans to deposit it again soon.

• Luke plans to keep his American money somewhere safe.

Finding Money

In this section, the speakers discuss the excitement of finding money that was previously forgotten. They also briefly touch on different types of currency used in various countries.

Excitement of Finding Money

• It's exciting to find money that was previously forgotten.

• The speaker gives examples of finding one or twenty dollars.

• Asks viewers what kind of currency they use in their country.

Different Types of Currency

• Different countries use different types of currency such as dollars, pesos, yen, pounds, and euros.

• In Europe, many countries use euros.

• Viewers are asked to leave a comment below about what type of currency they use in their country.

Luke's Channel

In this section, the speakers promote Luke's channel where he talks about TV shows and movies to help people learn English.

Promotion for Luke's Channel

• The speaker promotes Luke's channel where he talks about TV shows and movies to help people learn English.

• A link is provided for viewers to check out Luke's channel.