BANKING (I)

  1. [IR1]In this chapter we are going to learn about various services that banks offer. Step one is to inform yourselves about the general role of banks.

  1. First try to work out the missing words[IR2]. Next look up the unfamiliar words in your English-Englishand English-German online-dictionaries and write theminto the following table:

English term / English definition / German
  1. Search the Encarta.msn encyclopedia for banking and find the picture above (media) in order tocheck and complete the chart with the missing words. Use the following website to find information on the topic:

  1. Next inform yourself about the background of modern banking[IR3] in your textbook on page 68.
  1. Study the text carefully, then do the following exercise:

File: background_banking.htm[IR4]

  1. Also complete the following organigram[IR5]:

[IR6]

BANKING (II)

  1. Bank Accounts

After reading the text on bank accounts on pp 68, 69 in your text book, complete the following table to characterize the various accounts:[IR7]

Savings account / Deposit account / Current account
  1. Work in pairs and consult a monolingual dictionary for definitions of the [IR8]following words:

depositor =

creditor =

wages =

repayable =

interest =

bank charges =

withdrawal =

liable =

  1. JIG-SAW-READING: In groups of four split the rest of the text on Loans/Finance and Other services into four parts:

(1)As well…-…available

(2)Credit cards…-…high rate

(3)The use of…-…up inflation

(4)Other services[IR9]

  1. Last, do the following Gap-Fill-Exercise: banking.htm

BANKING (III)

  1. Methods of Payment

In Groups of three gather information about these most common forms of payment and prepare 2-4 slides as a powerpoint show.

Group 1 / Cash
Group 2 / Cheques / Checks
Group 3 / Electronic transfer (fedwire, ACH)
Group 4 / Giro payment / credit transfer
Group 5 / Backgroun of Plastic Money
Group 6 / Credit cards
Group 7 / Debit and Cash Cards
Group 8 / Barter Trade

Sources

  • use the following websites:
  • Use your text-book!
  • Use an online encyclopedia!

Presentation

  • Copy the file Methods of Payment.ppt and write your results on the slides you need, save it under your group name and put it back
  • Each member of your group has to be prepared to talk a few words
  • Co-operate cleverly!

BANKING (IV)

1. Get to know Japan’s Central Bank: Visit the website of

[IR10]

  • Choose the tour that explains the operations of the Bank.
  • Answer the following questions in the space provided.

a.When was the NewBuilding built?

b.What is stored in the vault of the Bank?

c.How many yen are 10 kilograms?

Additional task: How many Euros are that?

d.How many yen in notes and coins are transacted every day?

Additional task: How much do they weigh? (Use your notebook-calculator: start – anwendungen – calc)

e.Can burnt or damaged banknotes be exchanged?

f.What happens in the examination room? Explain the words counterfeit and genuiness in English!

g.What are the average life expectancies of the 1000 and 10 000 yen notes?

h.What is the job of “the bank of banks”? What does a central bank like the Bank of Japan not do?

i.The Bank of the Government: Complete the following chart:

j.What is BOJ-NET?

k.What are market operations and what are they based upon?

l.Explain foreign exchange intervention!

m.How much is an actual guided tour and when do you have to book?

  • Additional task: Find the addresses of the central banks of Austria, Europe, Great Britain and the USA:

State / Name / Website

Notebook EnglishMag. Ingrid Rittsteuer

[IR1]Lesson 1, getting familiar with the topic, general role, new words, background information

[IR2]Students should be able to fill in three or four missing parts. They will have to look up words like mortgages, assets, liabilities

[IR3]Traditional reading and getting the gist

[IR4]Simple questions on the text

[IR5]Summary of services

[IR6]Might be too long – rest is HW

[IR7]Overview of typical features

[IR8]Dicitonary „skills“

[IR9]Reading, re-telling and comprehension

[IR10]Guided virtual tour plus questionnaire