1. POP QUIZ

2. MK, U 14 RB, 56-60 BANKING

3. Match the halves of the proverbs: 1.A fool and his money 2.A bird in hand 3.A golden key 4.Beggars 5.Neither a borrower 6.Whose bread I eat a)can’t be choosers. b)nor a lender be. c)his song I sing. d)are soon parted. e)is worth two in a bush. f)can open any door.

4. KEY: 1d, 2e, 3f, 4a, 5b, 6c

5. VOCABULARY WHICH OF THESE BANKING SERVICES DO YOU USE? CURRENT ACCOUNT SAVINGS ACCOUNT DEBIT CARD CREDIT CARD CHEQUEBOOK CASH POINT (ATM)‏ LOAN STANDING ORDER →p. 73 LEAD- IN BUYING OR SELLING FOREIGN CURRENCY INVESTMENT ADVICE OVERDRAFT MORTGAGE EXCHANGE OF FOREIGN CURRENCY INTERNET BANKING TELEPHONE BANKING

6. WHICH WORD IS MISSING? Pero has a c________ account in Zagrebačka banka. Since he doesn’t like carrying cash he mostly uses his d_______ card (cash card) when he goes shopping, and if he really needs cash he finds an A_______ nearby. He sometimes uses his Diners c_______ card. He used c______ before but it’s a hassle to write them out. He’s always on the run and he never has time to go to his bank’s branch office to pay bills. That is why he contracted a s______ o__________ which settles all his regular utility bills. When he’s at home he sometimes uses e-b___________ to check his balance.

7. Every December he goes in the red. Fortunately, his o_________is up to Kn 15,000 so it comes in handy but he pays high interest on it and thus, he tries to avoid this option. He also opened a s_______ account to keep his money safe long term. It pays a little interest though. He also took out a l______ to renovate his flat. The i______ is quite high, so he’s thinking whether he should sell this flat and get a m________to buy a house that he’s always wanted. Do Vesna Bakić text from your handout!

8. Fill in the gaps with the verbs from the box: ISSUE BORROW OPEN DEBIT GRANT GIVE ACCEPT PROVIDE MANAGE LEND 1.Banks _______ deposits from companies and individuals. 2.If you have some extra money, you can _____ it to someone who will invest it into some business. 3.Commercial banks _______ a wide variety of services to their clients, 4.Banks can _____ cheques to current account holders. 5.It is not a good idea to ____ money from your friends if you won’t be able to pay it back. 6.Building societies ______ loans to people who want to buy a house.

9. 7 If you have a current account, the bank will ____ it as soon as you make a purchase. 8 It is simple to _____ an account in our bank. 9Companies _____ credit for the purchases of their goods and services in order to get a sale. 10Those banks ______ investments for large multinationals.

10. TRANSLATE Customers will be charged for paying regular bills by trajnim nalogom. Using e-banking you can transfer cash to your tekući račun. If you put your money in a depozitni račun, the bank will pay kamate on it. The bank has exteneded my authorised prekoračenje računa.

11. TRANSLATE He recently paid off his hipoteku na kuću because he fears that interest rates will rise. I left my karticu in the bankomatu. How will I ever otplatiti the debt? I need to dignuti 100 kunas from my account. I need to check the stanje računa.

12. WHICH NOUN COLLOCATES WITH THESE VERBS/PHRASES? PAIR WORK: USE IN AN IMAGINED DIALOGUE WITH A BANK TELLER. charge sth. to ~ debit money from ~ overdraw ~ ~ pays interest open ~ close ~ withdraw money from ~ deposit money in ~

13. How many opposites can you find? WITHDRAW BORROW WASTE WIN PAY BACK LOSE DEBIT EARN CREDIT DEPOSIT SAVE SPEND OWE LEND 1

14. withdraw – deposit borrow - lend waste - save win – lose owe – pay back credit – debit earn - spend

15. Now fill in the gaps with the words from the box. Make changes if necessary: 1.If you want to buy a car, you can take a loan or ____ money for a few years and then buy it. 2.I will _____ you some money if you need it. 3.How much money do you _____ a month? 4.I am planning to ____ some money from my parents to buy a flat. 5.He _____ me 10,000.00 kn. 6.I don’t think he will ____ it ___ to me by the end of the year.

16. 7. He ____ all his money on his account. 8. I wrote a complaint to the bank. They ____ my account twice for one purchase. 9. In times of crisis people tend to __ all money from their accounts. 10. The money will be ___ to your account by the end of the week.

17. READING BANKS AND FINANCIAL INSTITUTIONS (MK, P. 73, 74) Match the following words with the definitions: Hedge fund, bonds, shares, returns, deregulation, interest, portfolio, merger, takeover bid 1.Private investment funds for wealthy investors (both individuals and institutions) that use a wider variety of risky investing strategies than traditional investment funds, in order to achieve higher returns. 2.The profits made on investments. 3.Certificates representing part-ownership of a company. 4.The ending or relaxing of legal restrictions.

18. 5.The price paid for borrowing the money, paid to the lenders. 6. Certificates of debt issued by governments or companies to raise money. 7. When one company offers to buy or acquire another one. 8. All the investments owned by an individual or organization. 9. Joining together of two or more companies. FILL IN THE GAPS WITH THE FOLLOWING TYPES OF FINANCIAL INSTITUTIONS. ( P. 73-74)

19. READ THE TEXT AND ANSWER THESE QUESTIONS. What services do retail banks provide? What services do investment banks provide? What do private banks provide their clients with? What kind of a law was passed in the USA? What was its purpose? What was the purpose of the banking regulations in the US, Britain and Japan in the 20th century? How were Switzerland and Germany different? What happened in 1999? What services do international conglomerates offer? How do Islamic banks differ from the others? Which institutions are non-bank financial intermediaries today and what do they offer?

20. FILL IN THE GAPS  __________ banks or commercial banks receive ________ from, and make _______ to, individuals and small companies.  Investment banks work with big companies, give financial _________, raise _________ by issuing ______ and _______.  Wealthy investors use a wider variety of investing strategies in order to achieve higher _________.  In the USA, many banks went _________ following the Wall Street Crash in 1929.  Glass Steagall Act was __________ in 1999.  Islamic banks offer _______-free banking.  They do not pay _______ to depositors or ________ interest to __________ but invest in _________ and _________ the profits with their depositors. DO VOCABULARY EXERCISES 2 / p.74 & use them in sentences