The New World of Money
How technology, AI, and digital money are changing finance
In this lesson, students explore how technology is changing the way people think about money. They discuss cryptocurrency, AI investing, online banking, social media finance culture, and the future of money. Students practise useful modern vocabulary, express opinions, and talk about advantages and disadvantages of new financial technology.
Vocabulary
Click each card to flip it and explore the definition, example, synonym, and simple alternative.
Reading
Read the article and explore the highlighted vocabulary. Use the controls to listen as you read.
For many years, most people trusted traditional banks. They saved money in bank accounts, used cash, and invested carefully for the future. Investmentputting money into something to make profit was often connected to older people, business professionals, or large companies.
Today, the world of money is changing quickly. Technologymodern machines and systems has created new ways to save, spend, and invest money. One big change is cryptocurrencydigital money such as Bitcoin. Cryptocurrencies like Bitcoin are types of digital moneymoney that exists online. Some people believe crypto is the future of finance, while others think it is too riskyhaving a chance of losing money.
Artificial intelligencecomputer systems that learn and help make decisions is also changing finance. Many banks and investment companies now use AI to study marketa place where people buy and sell information. AI can look at huge amounts of data much faster than people. Some companies use AI to help make investment decisions.
Social mediaonline platforms where people share ideas has also changed the way people think about money. Online influencers often talk about investing, financial freedomhaving enough money to live more freely, and extra incomemoney you receive. Young people are becoming more interested in online business, crypto, and investing appssoftware on a phone or computer.
Supporters believe technology gives ordinary people more financial opportunities. In the past, investing was difficult for many people. Today, almost anyone can start investing from a phone. They can follow a trendsomething becoming popular, buy and sell online, and learn about money more easily.
However, critics believe modern finance can be emotional and dangerous. Pricesthe cost of something can change quickly, and people can lose money if they follow internet advice without understanding the risks. Nobody knows exactly what the future of money will look like, but one thing is clear: technology is changing finance faster than ever before.
Discussion
Think carefully and write your answers. Use your own ideas and examples.
Vocabulary Check
Choose the best answer for each question. Correct answers are mixed carefully.
Grammar Practice
Complete each sentence or task. Click "Show Answers" to check your work.
Prepositions
Choose the correct preposition to complete each sentence.
1. Many people invest ___ cryptocurrency.
2. Young people often learn about investing ___ social media.
3. Some investors are interested ___ financial freedom.
4. AI systems can look ___ large amounts of financial data.
5. Many people worry ___ losing money online.
6. Digital apps make it easier ___ ordinary people to start investing.
Homework
Complete these tasks after class. Use a dictionary if needed.
Finish the Sentence
Complete each sentence in a logical and grammatically correct way.
Tenses
Write the verb in brackets in the correct tense.
Vocabulary in Context
Choose the correct word from the box to complete each sentence.
1. A phone ___ can help people check their bank account.
2. Buying cryptocurrency can be exciting, but it also has some ___.
3. Money that you receive from work or business is called ___.
4. Something that is becoming popular is a ___.
5. If you gain money from something, you make a ___.
6. Putting money into something to try to make more money is an ___.