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Federal Reserve Notes. Most of the remainder are United States Notes and
Silver Certificates, which are occasionally seen but are no longer pro-
duced.
9. The designation of the class to which the note belongs appears on the
upper center of its face. Each type is identified by the distinctive color of
its Treasury seal and serial numbers. On Federal Reserve Notes these are
green, on United States Notes they are red, and on Silver Certificates they
are blue.
Each denomination, regardless of class, has a prescribed portrait and back
design selected by the Secretary of the Treasury.
Notes of the $500, $1,000, $5,000, and $10,000 denominations have not
been printed for many years and are being withdrawn from circulation.
The portraits appearing on these notes are: McKinley on the $500,
Cleveland on the $1,000, Madison on the $5,000, and Chase on the
$10,000.
English , 27/2001, page 15
XI. Complete the statements, selecting the letter of the best choice:
1. The phrase “not worth a Continental” reports to ___________ .
a) Spanish Milled Dollars;
b) the first American banknotes issued before the Revolutionary war;
c) English money.
2. The dollar was accepted as the principal American unit of currency
_________.
a) in 1755;
b) by the “Mint Act” of April 2, 1792;
c) in 1812.
3. By the act of 1792, the USA became the first country in the world
_____ .
a) to adopt the coinage system in the world;
b) to introduce the decimal system for currency;
c) to adopt the system of twelve fraction currency.
4. “Greenbacks” refer to _______ .
a) the private banks’ own paper currency (during the period of 1793-
1861);
b) modern American dollars;
c) the first paper money circulated by the Treasury Department of the
Government in 1861.
XII. Make up statements matching phrases from column A with phrases
from column B:
Column A Column B
1. Colonial notes
2. The first Continental notes
3. The Continental Congress
4. In 1929 currency
5. In 1957 paper currency
a) adopted the dollar as the unit for
national currency.
b) represented English, Spanish
and French currencies.
c) became devalued.
d) was reduced in size by 25 per-
cent.
e) appears on all currency series
1963 and later.
f) was first issued with the inscrip-
tion “In God We Trust”.
XIII Explain the reason why one could not see the portraits of McKinley,
Cleveland and Madison on the present American banknotes.
XIV. Rewrite paragraphs 7, 8, 9 into your note-books and translate them
from English into Russian in a written form.
Federal Reserve Notes. Most of the remainder are United States Notes and
Silver Certificates, which are occasionally seen but are no longer pro- 4. “Greenbacks” refer to _______ .
duced. a) the private banks’ own paper currency (during the period of 1793-
9. The designation of the class to which the note belongs appears on the 1861);
upper center of its face. Each type is identified by the distinctive color of b) modern American dollars;
its Treasury seal and serial numbers. On Federal Reserve Notes these are c) the first paper money circulated by the Treasury Department of the
green, on United States Notes they are red, and on Silver Certificates they Government in 1861.
are blue.
Each denomination, regardless of class, has a prescribed portrait and back
design selected by the Secretary of the Treasury.
Notes of the $500, $1,000, $5,000, and $10,000 denominations have not XII. Make up statements matching phrases from column A with phrases
been printed for many years and are being withdrawn from circulation. from column B:
The portraits appearing on these notes are: McKinley on the $500,
Cleveland on the $1,000, Madison on the $5,000, and Chase on the Column A Column B
$10,000. 1. Colonial notes a) adopted the dollar as the unit for
2. The first Continental notes national currency.
English , 27/2001, page 15 3. The Continental Congress b) represented English, Spanish
4. In 1929 currency and French currencies.
XI. Complete the statements, selecting the letter of the best choice: 5. In 1957 paper currency c) became devalued.
d) was reduced in size by 25 per-
1. The phrase “not worth a Continental” reports to ___________ . cent.
a) Spanish Milled Dollars; e) appears on all currency series
b) the first American banknotes issued before the Revolutionary war; 1963 and later.
c) English money. f) was first issued with the inscrip-
tion “In God We Trust”.
2. The dollar was accepted as the principal American unit of currency
_________. XIII Explain the reason why one could not see the portraits of McKinley,
a) in 1755; Cleveland and Madison on the present American banknotes.
b) by the “Mint Act” of April 2, 1792;
c) in 1812. XIV. Rewrite paragraphs 7, 8, 9 into your note-books and translate them
from English into Russian in a written form.
3. By the act of 1792, the USA became the first country in the world
_____ .
a) to adopt the coinage system in the world;
b) to introduce the decimal system for currency;
c) to adopt the system of twelve fraction currency.
10
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