Financial English 23/05/2012 Lenka Pichrtová James Cook Languages.

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Presentation transcript:

Financial English 23/05/2012 Lenka Pichrtová James Cook Languages

O UTLINE : W HAT ARE WE GOING TO DO TODAY ? Introduction Money Basic Vocabulary Banking/Accounts

Who are you today? Accountant Auditor Bank Clerk Broker Entrepreneur Economist Shareholder I look after the company´s money. I take care of my colleagues´ salaries. I control the company´s accounts and make sure it works efficiently and uses its resources correctly. I work in a bank. I can help you to open an account or give you advice on our services. I buy shares on the market – not for myself, but for my clients. I stand between the buyer and the seller. I started my own business. Now I am the boss and I employ other people. I am an expert in economics. I can be an analyst or I can give you advice about the market. I own shares of companies. I can make some decisions about the company and its management.

Work in your teams and make a list of all the words you know that are connected to money !

You and money: quiz! Is money important? Why? Why not? Do you think you spend a lot of money? What do you spend most money on? Do you get pocket money? What do you buy with it? Do you have a bank account? Do you use a credit card? Are you good at saving money? Why do you save money? What are you going to buy with it?

Verbs that go with money: can you decipher them? Easv Lels Dpsen Bowrob Weo Denl Rane Dwawihrt Egehanxc Tisevn

Think of the correct verb to complete these sentences with. E.g. Peter would like to buy a car. But he needs to ______ some money first. Save 1. I am travelling to the States in the summer. I need to ________ some money. I cannot pay in New York with Czech crowns! Exchange 2. Some people really love their job but some people only go to work to _________ money. Earn 3. Oh no! I have no money on me! I need some cash – I must ________ some money from my account. Withdraw 4. I like going shopping. I usually ______ a lot of money on clothes and shoes. Spend 5. My father wants to _______ some money. He is thinking about becoming a shareholder and buying some shares of IBM. Invest

7. B:“ Of course, don´t worry! I will ______ you a hundred and you can pay me back tomorrow. “ 6. A: “ I am really sorry, but could I ______ some money? I forgot my purse at home and I need to buy 8. I needed some money last year, so I had to______ my car. Now I go to work by bus, but I hope I will buy a new car soon. 9. No, don´t lend me any more money! I already _____ you enough. But I will pay you back as soon as I can. 10. You shouldn´t spend all of your pocket money on sweets! You could _______ some money and buy a new sweater instead. Save Owe Sell Lend Borrow

This is the end of the first part.. Congratulations! You survived the introduction into Financial English! To be continued…

Welcome to Part 2! Ready for more?

Is money important? “ Whoever said money can't buy happiness simply didn't know where to go shopping.” (Bo Derek) “Money is not the most important thing in the world. Love is. Fortunately, I love money.“ (Anonymous) "Money doesn't make you happy. I now have $50 million, but I was just as happy when I had $48 million.“ (Arnold Schwarzenegger)

Banking “If you owe your bank a hundred pounds, you have a problem. If you owe it a million pounds, it has a problem!” John Maynard Keynes

How much do you know about the history of banking…? 1 Which country produced the world’s first banknote? a. England b. China c. Greece 2 Where is the world’s oldest bank? a. Greece b. Spain c. Italy 3 Which company produced the world’s first traveller’s cheques? a. Thomas Cook b. Lloyds c. American Express 4 When was the world’s first credit card made? a b c Which company made the world’s first credit card? a. American Express b. Visa c. Diner’s Club 6 Where was the world’s first cash-point machine (ATM)? a. the USA b. the UK c. Switzerland

Key words that go together: Account Current Savings Student Bank Account Balance Clerk Statement Note Loan Manager Services: You can: open an account put money into an account transfer (send) money into an account withdraw money from an account overdraw an account receive a bank statement every month get a loan (you must pay interest) get a mortgage check your bank balance invest your money (e.g. in gold) close an account

Thank you for your attention and participation… But now it is time to have some fun!