Read the text. Did you label the money in Exercise 2 correctly? A currency is the money we use in a country. Different countries have different currencies. The British pound (£) The British pound is one of the oldest currencies in the world. There are notes for 5, 10, 20 and 50 pounds. The new notes are plastic, not paper. There are lots of coins: 1, 2, 5, 10, 20 and 50 pence. You can say 'pence' or 'p'. The other coins are 1 pound and 2 pounds.

Yes, the labeling in Exercise 2 seems to be correct based on the provided text about currencies.

Explanation:

• The text mentions the British pound (£), which aligns with the UK currency shown and labeled in Exercise 2.
• It specifies notes of 5, 10, 20, and 50 pounds, and coins of 1, 2, 5, 10, 20, and 50 pence. The labels 'twenty' for a coin and 'five'/'ten'/'one' for notes in Exercise 2 are consistent with these denominations.
• The text also refers to the US dollar ($$), indicating it's a popular currency with notes and coins. This matches the section for 'the USA' in Exercise 2.
• The mention of 'some European countries' and the display of a 10 Euro note in Exercise 2 are also consistent with the general concept of different currencies used in different countries.