The origin of the almighty dollar is in what is now the Czech Republic. In 1519 ,a silver mine near the town of Joachimstal literally "Joachim’s valley," from the German Tal, meaning valley began minting a silver coin called, unimaginatively, the Joachimstaler. The coin, which was circulated widely, became better known by its clipped form, the taler. In Dutch and Low German, the initial consonant softened to become daler. English adopted this form, eventually changing its spelling to the modern dollar.
In the American colonies, there was no standard currency. The coin that was in widest use was the Spanish Peso, known also as" Pieces of Eight" because it could be divided into eight pie-like pieces. The English colonists informally assigned the name dollar to this coin. In 1785, when the Continental Congress established U.S. currency ,they adopted dollar as name for the standard unit of currency ,at the suggestion of Governeur Morris and Thomas Je
A. Thomas Jefferson invented $ sign for US dollars.
B. The origin of the dollar is in the Czech Republic.
C. Spanish Peso was used widely in old American colonies.
D. The British central bank has once issued coins named dollars.
Text 3
The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline.
The dollar also dipped to a nearly five-year low against the yen, but later regained ground.
Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday.
The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York.
One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major
A. the euro will stop at a high level all along.
B. there is no way for US to brake the falling of dollar.
C. ECB is very cautious in taking measures to intervene in the currency market.
D. US Federal Reserve would help ECB by showing positive economic data openly.
Text 3 The US dollar reached an all-time low against the euro yesterday for the fourth straight day, briefly pushing the European currency above ＄1.33 before recovering slightly, amid concerns about the twin US deficits and the lack of any central bank action to stop the dollar’s decline. The dollar also dipped to a nearly five-year low against the yen, but later regained ground. Yesterday, the euro rose to ＄1. 3329 in early trading before dipping back to ＄1. 3290 later in New York. The euro topped ＄1.32 for the first time the day before in European trading. US markets were closed Thursday for the Thanksgiving holiday. The dollar also traded near its lowest levels since December 1999 against the Japanese yen yesterday, slipping to 102.56 yen, down from 102.81 late Wednesday in New York. One reason the euro has kept rising is a lack of concerted action by central banks to support the dollar by selling holdings of the other major currencies. "＄1.35 is definitely o
A. the euro will stop at a high level all along.
B. there is no way for US to brake the falling of dollar.
C. ECB is very cautious in taking measures to intervene in the currency market.
D. US Federal Reserve would help ECB by showing positive economic data openly.
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