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Financial English 23/05/2012. Lenka Pichrtová James Cook Languages. Outline: What are we going to do today?. Introduction Money Basic Vocabulary Banking/Accounts. Who are you today?. Accountant Auditor Bank Clerk Broker Entrepreneur Economist Shareholder.
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Financial English23/05/2012 Lenka Pichrtová James Cook Languages
Outline: What 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!
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 pocketmoney? What do you buy with it? Do you have a bank account? Do you use a credit card? You and money: quiz! • 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 Earn 2. Some people really love their job but some people only go to work to _________ money. 3. Oh no! I have no money on me! I need some cash – I must ________ some moneyfrom 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
6. A: “I am really sorry, but could I ______ some money? I forgot my purse at home and I need to buy Borrow 7. B:“Of course, don´t worry! I will ______ you a hundred and you can pay me back tomorrow.“ Lend 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. Sell 9. No, don´t lend me any more money! I already _____ you enough. But I will pay you back as soon as I can. Owe 10. You shouldn´t spend all of your pocket money on sweets! You could _______ some money and buy a new sweater instead. Save
This is the end of the first part..Congratulations! You survived the introductioninto Financial English!To be continued…
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. 1950 b. 1960 c. 1970 • 5 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
Account Current Savings Student Bank Account Balance Clerk Statement Note Loan Manager Key words that go together: • 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!