Banking

Unit 8 And
Finance
A. Reading Section
A modest introduction to banking and finance is provided in this section. It
covers salutations, countries, languages, and the pronunciation and spelling of names and
numerals. Additionally, it provides vocabulary related to personal finances, money
management, and how people pay for goods and services.
The emphasis in this part is on how to correctly spell and pronounce names and numbers.
Students recognize company acronyms, which are shorter forms of company names, by
looking at the information typically seen on business cards. The names of certain
currencies, including the pound, euro, dollar, and yen, as well as the coins and notes
(paper money) in circulation are also introduced.
Most workplaces feature desks, laptops, and beverage dispensers, but not all businesses
have cafeterias. The following products and services are described in an information
sheet for students: current and savings accounts, mortgages, insurance, loans, foreign
exchange services, and investment advice. Customers of banks manage their daily
finances, receive salary payments, and pay bills using current accounts. Money not
needed for daily costs can be invested in savings accounts numbers, and the bank will
give interest to the consumer. A mortgage is a particular of loan taken out to purchase
real estate. With life insurance, you can also cover your health and wellbeing. Banks
frequently provide insurance advice or operate as insurance brokers. Banks also provide
investment advice as a service. The employment duties of bank cashiers, who work
behind the bank counter and directly assist customers, are also covered in the information
sheet. Helping people check balances (the amount of money clients have in their
accounts) and make deposits or withdrawals (put money into or take money out of their
accounts)
Task 1
Read the banking reading comprehension passage below and answer the following 5
questions.
Banking Reading Comprehension Passage
Banking and banks are very important for the functioning of the modern world.
Without banks the way we use money would not work. Banks enable people to save
money, borrow money and to pay for things with ease and security.
Each country in the world has its own well known banks that have branches in
nearly every city so that they are convenient for people to use. People often have to visit
the local branch of the bank when they want certain services. There are also some very
big multinational banks that have branches in most countries in the world.
As well as the local branches that are in most cities, each bank will also have a
head office. This is where all central tasks are performed that let the local braches
function. The people that work in the branches will be the bank manager, the person in
charge, and various tellers who work behind the bank counter and help the customers.
There will also likely be security guards to protect the money, workers and customers.
Most customers will just need to see the tellers when they go to the bank if they
are paying money into their account as either cash or a check. However, they might need
to see the bank manager if they want to open an account or if they have become
overdraw, when they have spent more money than there was in the account. Also if they
want to borrow money and get a loan the person will need to see the bank manager who
will have to approve it.
As well as being able to use cash or checks to pay for things, banks also offer
their customers the more convenient methods of using either a debit card or credit card.
These methods are very convenient as you just need to carry a small plastic card to be
able to pay for anything. When paying with plastic you will need to either sign a receipt
or enter a PIN number to conform the purchase and that you are authorized to use the
card.

Reading comprehension questions that go with the above reading passage.

 1) According to the text, what do banks enable people to do?
A) Buy products
B) Save money for the future
C) Get money now that they have to pay back later
D) All of the above
2) What is the purpose of the head office of a bank?
A) To support the local branches to work properly.
B) To offer services to local customers.
C) To work with other banks.
D) To look impressive.
3) What do bank tellers do?
A) They protect the money.
B) They help the customers.
C) They arrange loans for customers.
D) They are in charge of the bank branch.
4) What happens when a bank customer spend more money than they have in their
account?
A) They will need to see the security guard.
B) They will have to go to the police station.
C) They will have to have a meeting with the bank manager.
D) They will have to borrow money from the bank.
5) Which of the following methods is more convenient when paying for something than
using a check?
A) Using a plastic card
B) Using cash
C) There is not a more convenient method.
D) With an exchange of products.

Task 2

Complete the reading below by choosing one of the words in the box

- Income - Lend
 - Bond
- Loss -- Interest

1. I choose to purchase a $10,000.............. Rather than shares because I believe it to be safer.

2. Profit is referred to in numerous ways................

3. I believe this is a wise investment because it yields 8%.

4. The bank wouldn't give us any additional money after seeing our financial statements.

5. The profit and ............... account shows if a company is receiving more than its spending.

B. Writing Section

Task 1

Banks are the places where we keep our money or do all our money-related work.
Either it is getting a loan or something else. This type of place has been addressed as a bank.
Although the word has various meanings, all of them mean the same. It is a place where you feel
relaxed. When we are in pressure or have to solve some money-related problems we visit a bank.
Modern banking came into existence between the 17th to 19th centuries. It is said that
Goldsmiths were the first bankers and they use to lend money to people and people use to keep
their valuable things near goldsmiths.

The first-ever bank which offered bank noted was the Bank of England. It further
developed and today we have well-established banks. We also have ATMs and Credit cards, etc.
All these things have made banking easy. Everything established in this world slowly. Either it
was a bank or an atm. Things develop and progress as per time. Today things seem so simple to
us but they were not so simple and easy years before. A bank is one of the best examples which
show development and change in society.

Vocabullary Artinya
1. Solve 1. Selesaikan
2. Existence 2. Keberadaan
 3. Goldsmiths. 3. Tukang Emas.
4. Offered 4. Ditawarkan
5. Established banks 5. Bank yang sudah mapan
Write a short paragraph or essay on the following topics about bank: its important. Try to
use any new vocabulary you have learnt from the banking vocabulary page and write as
much as you can.

2.1 Writing Section.....

Make sure students understand simple past future. Ask them to write sentences about
their

Vocabulary Artinya
1. 1)
2. 2)
3. 3)
4. 4)
5. 5)

Task 2
Fill-in the blanks in the following banking conversation using the options provided in the
5 question below.

Situation: Andrew wants to withdraw some money from his account.

Andrew : I need to get some money before going to eat lunch.

Bob : Ok. __________ (1) __________
Andrew : Central Bank. They have a branch just round the corner. __________ (2)
__________
Bob : Is the Central Bank good? My bank keeps charging me bank fees so I want a
new account.
Andrew : Yes. I have had my account with them for five years and there have been no
problems.
Bob : Good, I might try opening an account with them. What’s wrong? __________
(3) __________
Andrew : I’ve put my ATM card in but the machine keeps on displaying that my PIN is
wrong when I enter it.
Bob : Oh dear. You should go into the bank and ask for help.
Teller : Good morning. How can I help?
Andrew : I have been trying to withdraw money from the ATM outside but it won’t accept
my PIN.
Teller : I’m terribly sorry, but the machine is broken. The sign must have fallen off.
__________ (4) __________
Andrew : I’d like fifty pounds please.
Teller : Ok. __________ (5) __________
Andrew : Here’s my ATM card and driver’s license.
Teller : Thank you, here is your money. Sorry for the inconvenience.

C. Listening Section......
Task 1

Listen to the recording of the definitions of 5 vocabulary items and identify the matching
word (from options A-D in each question).
1) What is the meaning of the first definition in the recording?
A) Balance
 B) Branch
C) Cash
D) Counter
2) What is the meaning of the second definition in the recording?
A) Account
B) Main branch
C) Guard
D) Advisor
3) What is the meaning of the third definition in the recording?
A) Deposit
B) Identification
C) Passbook
D) Loan
4) What is the meaning of the fourth definition in the recording?
A) Transaction
B) Withdrawal
C) Cash
D) Counter
5) What is the meaning of the fifth definition in the recording?
A) Interest
B) Open an account
C) Standing order
D) Bank services
Task 2

Listen to the recording of the passage about banking above and answer the following
five questions.
1) What are the two basic types of customers of a bank?
A) Savers and lenders
 B) Savers and borrowers
C) Borrowers and lenders
D) Lenders and hoarders

2) One way of paying money into an account is by visiting the branch, what is the other?
A) By post
B) By online banking
C) By couriers
D) There is only one way
3) What are the two ways mentioned to pay into an account when using a bank teller?
A) Cash and cheque
B) Cash and wire transfer
C) Electronic transfer and cheque
D) Electronic transfer and wire transfer
4) Which of the following is something that limits how much money you can borrow,
according to the passage?
A) Your savings
B) Your future earnings
C) How much you can pay back each month
D) How much you have borrowed in the past
5) Why do banks need savers and borrowers?
A) To have money to lend to the borrowers
B) To get loan interest payments to pay savers
C) To be able to make a profit
D) All of the above

D. Speaking Section
Task 1

Situation : Lucy and Bob are shopping when Lucy wants to go to the bank.
Lucy : I need to quickly go to the bank.
Bob : Ok. Which one?
Lucy : The National Bank. Its branch is just over there on the corner.
Bob : We should go now as it will close in 10 minutes.
Lucy : Yes, let’s hurry.

Teller : Next please?

Lucy : Good afternoon, I’d like to pay this cheque into my account.
Teller : Good afternoon. Can I please have your account details?
Lucy : Yes, here is my ATM card. It has the account number.
Teller : Thank you. This will just take a moment.
Lucy : Ok.
Teller : Here is your card. The money should be in your account in three working days.
Is there anything else I can help you with?
Lucy : No thanks. That’s all. Goodbye.

Put students in pairs and ask them to practice the conversations in bank offices using their
own names. Demonstrate first with a confident student. Encourage them to use
contractions where appropriate. For the fourth conversation, they will have to invent an
imaginary colleague to introduce!

Task 2
Answer the banking conversation below with your explanation!

1. Do you have a bank account? If so, why?

2. Have you ever closed a bank account? Why? What was the process?

3. How often do you check your bank statements?

 4. Do you own a credit card? What is your opinion of credit cards?

5. Can you explain the difference between a debit card and a credit card?

6. Is card payment secure for online shopping?

Vocabulary: Arti
1. Account 1. Akun
2. Account Numbers 2. Nomer Rekening
3. Amount 3. Jumlah
4. Cash machine 4. Mesin ATM
5. Balances 5. Saldo
6. Bank 6. Bank
7. bank counter 7. loket bank
8. UK 8. UK
9. Cash 9. Uang tunai
10. Cashier 10. Kasir
11. savings accounts 11. Rekening Tabungan

Pharases:

1. Please fill out this form.

2. I'd like to convert some cash into euros.
3. Please deposit some money into my account.
4. Please let me withdraw some money from my account.