Hi everyone! Thank you for tuning in to Time for English.

Today we're going to look at the word "quarter". It's important to be able to use "quarter" in daily conversation in English, as effortlessly as you would use the word "percent".

A quarter is one of four equal parts of something. If you cut a pizza, for example, into quarters, you'll have four equal pieces.

In the world of business, a year is divided into quarters. Companies report their financial results four times a year or once every three months.

People in the US and Canada use quarter coins. One quarter of a dollar is one fourth of a dollar. A quarter coin is, therefore, worth 25 cents.

Next week we'll divide an hour into quarters and learn how to use the word "quarter" to express time. So stay tuned!

In the meantime, let's make sure you understand what "quarter" is. You'll be given three options. So choose the one that is NOT true. Ready?

1. Cutting a pizza into quarters means cutting it into four slices.

2. There are four months in a quarter of a year.

3. If you have two quarter coins, you have 50 cents.