Transcript banking
What’s this? A place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Mark Twain Can you guess now? A place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Mark Twain A place that will “help” you if you can prove that you don't need “help”. Bob Hope A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain. Mark Twain A bank is a place that will lend you money if you can prove that you don't need it. Bob Hope If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem. John Paul Getty Do you agree? BANKING MK, U 14 RB, pp.56-60 • MK, p 73: Lead-in Which of the following banking products or services do you find the most useful or necessary? Match definitions with terms in MK, p 73 & discuss 1 one that pays interest, but usually cannot be used for paying cheques (GB) or checks (US), and on which notice is often required to withdraw money 2 a plastic card which is used instead of money to pay for goods and services. The cost is taken directly from the users bank account. 3 a computerized machine that allows bank customers to withdraw money, check their balance and so on 4 a fixed sum of money on which interest is paid, lent for a fixed period, and usually for a specific purpose 5 one that generally pays little or no interest, but allows the holder to withdraw his or her cash without any restrictions 6 a card which guarantees payment for goods and services purchased by the carholder, who pays back the bank or finance company at a later date 7 an instruction to a bank to pay fixed sums of money to certain people or organizations at state times 1 one that pays interest, but cannot be used for paying cheques (GB) or checks (US), and on which notice is often required to withdraw money – savings / deposit account 2 a plastic card which is used instead of money to pay for goods and services. The cost is taken directly from the users bank account. – debit card 3 a computerized machine that allows bank customers to withdraw money, check their balance and so on - ATM 4 a fixed sum of money on which interest is paid, lent for a fixed period, and usually for a specific purpose – a loan 5 one that generally pays little or no interest, but allows the holder to withdraw his or her cash without any restrictions – current account (GB) – checking account (US) 6 a card which guarantees payment for goods and services purchased by the carholder, who pays back the bank or finance company at a later date – – credit card 7 an instruction to a bank to pay fixed sums of money to certain people or organizations at stated times – standing order Verb + account = o_ _ n an account o_ _ _ d _ _ _ an account c_ _ s _ an account c_ _ _ g _ sth. to an account w_ _ _ d _ _ _ money from an account d _ p _ _ _ t money in an account d _ _ _ t money from an account (take money from) c _ _ d _ t money to an account (add money to) a current account p_ y _ a small interest s _ tt _ _ an account h _ _ d an account (with ZABA) Verb + account = open an account overdraw (..) account close an account charge sth. to an account withdraw money from an account deposit money in an account /dı’pozıt/ !!!! debit money from (...) account (take money from) credit money to an account (add money to) a current account pays a small interest (past tense: settle an account paid) hold an account (with ZABA) RB P 57, task III HW: RB pp 56 & 57 (tasks I & II) Sixteen tons http://www.youtube.com/watch?list=RDjIfu2A0ezq0&v=jIfu2A0ezq0 • Some people say a man is made outta mud A poor man's made outta muscle and blood Muscle and blood and skin and bones A mind that's a-weak and a back that's strong RE: You load sixteen tons, what do you get Another day older and deeper in debt Saint Peter don't you call me 'cause I can't go I owe my soul to the company store • I was born one mornin' when the sun didn't shine I picked up my shovel and I walked to the mine I loaded sixteen tons of number nine coal And the straw boss said "Well, a-bless my soul“ ... Handout PRONUNCIATION PRACTICE MK, p 73 Banks and financial institutions • Read and fill in 1 commercial banks 2 investment banks 3 private banks 4 hedge funds 5 stockbrokers 6 Islamic banks 7 non-bank financial intermediaries • Vocabulary 1 • Vocabulary 2 Handout p 1: read a word and ask a colleague to create a word partnership Describing graphs Revision: verbs, nouns, adverbs, adjectives Translate: 1) U ožujku je vrijednost dionica naglo pala. 2) Prihod je potonuo ispod 1.000.000 EUR. 3) Cijene zlata dosegle su najnižu točku 2010. 4) Očekujemo skok cijena nafte. 5) Porezi su postupno rasli. 6) Zabilježili smo dramatičan uzlet cijena nekretnina. • • • • • • • • • Stock value suddenly DROPPED in March. In March the value of stocks FELL rapidly. The revenue SANK below EUR 1.000.000. The revenue PLUNGED below EUR 1.000.000. Gold prices REACHED the trough in 2010. Gold prices BOTTOMED OUT in 2010. We are expecting a JUMP / a SURGE in oil prices. Taxes DROPPED / FELL / DECREASED gradually. We recorded a dramatic SURGE in real estate prices. Describing graphs PREPOSITIONS, RB, 33-34 Exercises I & II Describing movements and prepositions • • • • • • • • • • from 2 h ___ to rise ______ to 5 h by to increase _____ 35 % (verb + ?) of 10 % (noun + ?) a decrease ____ of 15% an increase ____ to decrease ____ by 46% from 20 % ____ to 13 % to fall _____ to fall ____ from $3 h ___ to $2 h in sales. The company expects a 5% increase ___ in 1998. Sales stood ___ at $1 m ___ at $1,000. The sales figures peaked ___ Describing movements and prepositions • to rise from 2 h to 5 h • to increase by 35 % / by 3 (from 2 to 5) • an increase of 15% • a decrease of 10 % • to decrease by 46% / by 2 (from 10 to 8) • to fall from 20 % to 13 % • to fall from $3 h to $2 h • The company expects a 5% increase in sales. • Sales stood at $1 m in 1998. • The sales figures peaked at $1,000. Careful: rast od 5% je an increase of 5% noun + of porasti za 5% nije to increase for 5% nego: to increase by verb + by Prepositions:TO, OF, BY, FROM, IN, AT • • • • • It will rise .... $5 and go .... $20. The price is stable .... 15$. This is an increase .... $5 ... the price. This is a $5 rise .... the price. Sales have grown ... 2%. Prepositions: TO, OF, BY, FROM, IN, AT • • • • • It will rise BY $5 and go TO $20. The price is stable AT 15$. This is an increase OF $5 IN the price. This is a $5 rise IN the price. Sales have grown BY 2%. HW: RB, p 34, exercise III Time prepositions • on • in at • • • • • • • since for ago before to / till / until till / until by on Monday, on 23 March 2012 in August / in winter in the morning in 2006 in an hour at half past nine at night at the weekend since 1980 for 2 years 2 years ago before 2004 from Monday to/till Friday He is on holiday until Friday. I will be back by 6 o’clock. By 11 o'clock, I had read five pages.