On the Banks of Banking. Objective objectives. Project work, страница 3

Access: http://www.wisegeek.com/what-is-a-checking-account.htm or Checking Accounts/ Bank of information folder

Study the page and explain your answers to the following questions:

·  What is the difference between savings and checking account?

·  What does a minimum balance mean?

·  What is a ‘bad check’ and what happens if the account holder writes it?

·  What are some of the advantages of paying for purchases by check? What are some of the disadvantages?

·  Is it a good idea to pay by check for everything you buy? Why or why not?

Tutorial 4:The Unbanked

Despite the many services banks provide, a significant number of people remain unbanked.

Access: From the Federal Reserve Board.doc /Bank of information

Based on what you read, how would you answer the following?

·  What are three important facts you learned about the unbanked in the USA from studying these charts?

·  Why does the largest percentage of unbanked persons come from the lowest income group?

·  Which reasons for being unbanked are most justified? Which are least justified?

·  Do you think the situation with unbanked people in Belarus is similar to the situation in the USA?

·  What are three arguments you would make to convince someone who is unbanked to open a bank account?

Part 2 Banking Role Play

Materials:

4 Vocabulary Handouts, Client Role Cards, Financial Product Brochures, Banker Activity Sheet, and Client Activity Sheet.

Purpose and Audience:

The purpose of these materials is to get the students speaking about all of the terms related to their personal finances in English. In particular, students will role-play being either bank clients or bankers. The bank clients will visit the bank and talk to the bankers about various financial products such as credit cards and mortgages. After the bankers explain the financial products, the client will select one product and apply. The bankers will then open up a bank profile and start a credit evaluation.

As it can be difficult for students to use great amount of banking vocabulary activity presupposes several pre-class vocabulary assignments that students should fulfill before the role-play begins

Pre-study

Photocopy and handout the vocabulary sheets related to personal finances:

Personal Finance Vocabulary Match Up

Personal Finance Vocabulary Exercises

Personal Finance Vocabulary Cloze

Personal Finance Crossword

You can find them in Bank of information/ Role Play folder.

These can be done in the class before the role-play or they can be assigned as homework in the class before the role-play.

Warm-up

Quickly go over the vocabulary sheets. Ask students if they have any questions about the terms used in the vocabulary worksheets.

Role-play. Preparation

Divide the class into two groups, bankers and clients. Give each client a client role-play card. The bankers will be divided into four groups: new accounts, credit cards, mortgages, and loans. Each banker should be given a financial product brochure for the group that they belong to. Students should be given time to absorb the material. They can quietly read the material in front of them and ask questions if they do not understand something.

Next, bankers are given a banker activity sheet and clients are given a client activity sheet. Bankers should set up desks where they can meet with their clients. Using the conversation as a guide, bankers and clients begin the role-play.

You can find a client role-play card, a financial product brochure, a banker activity sheet, a client activity sheet in Bank of information/ Role Play folder.

Role-Play in Action 1

Clients go into the bank and inquire about a financial product such as a credit card or a mortgage. The banker explains the financial products available at the bank. The client takes notes. Finally the client decides, which product they will apply for.

Role Play in Action 2

Bankers now set up a bank profile and do a credit evaluation. This involves asking questions about income and debt. The questions are on the banker activity sheet and the answers to the questions are on the client role-play cards.

Discussion and Wrap-Up

With the clients you can briefly discuss which financial products were more appealing and why? With the bankers you can discuss who they felt had a good credit evaluation and why? (Or in other words, whom would they lend money to?). The doctor has a good salary but also a lot debt. The waitress has a modest salary but almost no debt.