7.1. Reading Comprehension Money has various uses in the modern world; it is a measure. Of the value of goods and services, a means of exchanging such goods and services, and a way to store up buying power so that one can use it later." As a measure of value, it is of the greatest use. If 1 work in an office, how can my employer know what to pay me for my services if there is no generally recognized measure of value? He may decide to pay a certain number of leaves of bread each week; but then I shall have to exchange some of these loaves for other things that I need; and how am I to how how many loaves I should give for a pair of shoes or for the rent of my house, for example? Money gives us a very useful means of measuring such relative values.My services are worth, let use say, $ 7 a week to my employer, my rent is thirty shillings a week; a pair of shoes costs $ 1 and so on. Money has also been very great use as a means of exchanging goods and services if, for example, I am a shoemaker, it will not be at all convenient to me always to have to exchange the shoes I make for other goods or services. A doctor may want to buy a pair of shoes from me. for example; but I may not need medical care, so he will them have to find something else that I want, or look for another shoemaker who needs him. Without money, the tax collector would come back to his office with an extraordinary collection of objects. (Taken from Warsono, et al, 1995) 1. How many uses of money do you know? Can you mention them? 2.Do you think is the most important use of those? 3.Suppose we don't know money, how would you pay people their salary? 4.When we don't use money, how can we buy things we need ? 5.What do you call the act of exchanging things you don't need with things you need? 6.Is such a way of exchanging goods still to be found in our country? 7.When do you say an article is cheap, and when do you say an article is expensive? 8.When you want to keep your money for later use, where do you keep it? 9.Do you know how many ways we have to keep our money for later use? 10.When you put your money in a bank, after certain period some amount of money is added to yours. What do you call that amount of money paid by the bank? 11.When do you have profit? (in transaction) 12.When do you have a loss? (in transaction) 13.Do you know the proverb: "Money is the root of all evil?" 14.Do you know what a tax-collector is? 15.What are we who pay taxes called? 16.What is tax-money necessary for?