BANKING and FINANCE 1 Money 2 Banking services

BANKING and FINANCE 1) Money 2) Banking services 3) Payment methods 4) Public finance

Comment on the following quotations. A bank is a place where they lend you an umbrella in fair weather and ask for it back when it rains. Robert Frost It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy. George Lorimer

Brainstorm the vocabulary connected with the following subtopics: Money Finance BANKING and FINANCE Payment methods Banking services Client activities

What comes to your mind when you see this? What would you do with this money if it were yours?

What are the possible methods of payment? 1. 4. 2. 3. 5. Explain the advantages and disadvantages of each of them. Which of them do you prefer? Why?

Explain the function of the institutions in the pictures. 1. 2. 4. What are the main responsibilities of the central bank? 3. 5.

Talk about the reasons why people go to banks. 1. 2. 3. 4. Describe the procedure of opening a personal account at a bank.

The symbols of which currencies are shown in the pictures? Which countries are they used in? Russia: UK: Pound US: EU: Ruble Euro Dollar Japan: Yen What are the conditions countries have to meet to be accepted to the eurozone?

Explain the terms connected with public finance. Who receives and who pays each of them? disability allowance salary maternity benefit wage VAT unemployment benefit

How did the financial crisis influence the life of common people in the USA? Describe the situation according to the pictures. Is the situation so dramatic in your country as well?

What can the machine in the picture be used for? Describe the steps you have to take when you want to withdraw 70€.