Money – VocabularyAre these nouns (n), verbs (v) or adjectives (adj)? V 9. Lend V • Borrow 2. Mortgage N 10. issue V N 11. Withdrawal Adj 3. Cheap 4. Interest 12. Overdrawn Adj N 5. Payment N 13. Deposit N/V 6. Invest V 14. Account N 7. Spend V 15. Debt N 8. charge 16. Fraudulent Adj N/V
Pre-listening • Have you ever had a problem with a bank? Tell me about it. • Do you think banks do a good job? • Listen to the bank manager. Do you trust him? Why or why not?
Listen again and answer the questions 1. Which bank does he work for? The British Bank 2. How many accounts do you have? Two 3. Who do you make direct debit payment to? Gas company / electricity company / insurance company 4. Why is he ringing? To offer you a loan 5. Why have you been chosen? You’re a good customer / have a good credit rating / you’re honest / you can make regular payments/ you’re the kind of customer they would like to work with. £1000- £20,000 6. How much can you borrow? January next year 7. When will you start paying interest? E-mail / call him direct at the bank 8. What two ways can you get in touch with him?
Which bank do you use? Do you have a credit card or a debit card? When was the last time you wrote a cheque? Do you think banks are fair and honest? Do you think it’s too easy to borrow money? 6. Do you think we pay too much tax? 7. Would you borrow a lot of money and then never pay it back? 8. ‘The best place for your money is in the bank.’ Do you agree with this statement? Talk about these money questions with a partner.
Dear Mr Smith. I regret to inform you have exceeded your overdraft limit. Your agreed limit was E300 and on 3/09/09 you made a card payment to 'Pizza Planet' of E30 taking your account to -E320. You will be charged E10 per day until you contact us and arrange a new overdraft and/or pay off your existing debt. You will also be charged E25 for this letter. Kind regards Bank Manager Write a letter back to the bank manager. Don’t include addresses. Explain why you don’t think you should pay Arrange a larger overdraft Please write 100 words. Writing – Respond to a letter