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Reading text 1: Banks and Banking
(textbook P.62)
Pre - listening
While reading
Post - reading
Further reading

Reading text 1: Banks and Banking
(textbook P.62)
1. Pre - reading
2. While - reading
3. Post - reading
Pre - reading
Discussion
In small groups, discuss the following questions:
What are some services that a bank provides?
How useful are banks in our daily life?

Pre -reading
Vocabulary:







connected with the buying and selling of goods and services
a sum of money that is paid into a bank account

a person who buys goods or uses services
a piece of business that is done between people, esp. an act of buying or selling.

Commercial (a)
Deposit (n)
Consumer (n)
Transaction (n)
While reading

Read the passage in the textbook (p.62) about banks and banking.
While reading
Paragraph 1: It tells us about of banks
Answer the questions:
What are the functions of the banks?


2. What are kinds of banks?



functions
Keeping out money safe, giving out loans and credit

Commercial banks and consumer banks.
While reading


Paragraph 2: Its tell us about of banks
different kinds of accounts
Name different kinds of accounts
Checking account
A deposit, savings, or high-interest
While reading
Paragraph 3: It tells us about of banks

other services
Match the phrases in column A to one in column B
c. To carry money when travel abroad
a. To buy things without money
b. To get cash from automated teller machines anytime, everywhere
Traveler’s checks
Credit cards
ATM cards
a. To buy things without money
b. To get cash from automated teller machines anytime, everywhere
c. To carry money when travel abroad
While reading
Paragraph 4: It tells us about of banks
the role
Unscramble the following sentences
1. Banks invest the money of its customers, and then pay them interest.
2. Banks also lend businesses money to improve productions
1. invest/ and then/ its/ banks/ pay/ customers/ interest/ the money/ them/ of.
2. businesses/ improve/ also/ money/ lend/ productions/ banks/ to.
While reading
Complete the following sentences with the words or phrases from the reading text:
Many young people get from the bank to buy new cars when they don’t have enough money.
A account allows you to pay your money in and take your money out wherever you like.
A is a small book of printed pieces of paper that you can sign and use instead of money to pay for your purchases.
A account is a bank account that gives you interest on the money you have in it.
loans
checking
checkbook
deposit/ savings/ high-interest
5. is the money that you can receive from the bank when you keep money in an account there.
6. Tourists often carry when traveling abroad.
7. A is a small plastic card that you use to buy things now and pay for them later.
8. An is a machine outside a bank or in a public place that you use to take money out of your bank account
Interest
traveler’s checks
credit card
automated teller machine
Post - reading
In pairs, discuss the following questions
How do you know the current exchange rates of foreign currencies?
Where do you go to change money?

Further reading
The following passage is about the history of money. Read the passage and do some exercises at home.

Passage & Exercises