This week is a short one due to the snow. I hope you remember that I predicted this about 2 weeks ago. Regardless, this week, we will be discussing the topic of banking and finance. The goal for this week is to give you a working ability to use financial services. We will discuss banks, their terminology, credit cards, and a few grammar points. You won't be able to understand how to get a mortgage for your house (I still don't), but you should be able to accomplish necessary financial tasks with confidence.
We started today by working with banking vocabulary and currencies. We used a worksheet to discover certain words. You can look up these words on your own if you missed class.
Savings
Credit
Loan
Overdraft
Withdraw
Deposit
Account
Checks
ATM
Online Banking
Exchange
Cash
Balance
Teller
Slip
Cashback
Interest
Principal
Refund
After discussing the vocabulary words, we introduced the words "lend" and "borrow". These are two commonly misused words in English. Here's a simple definition.
Lend = to temporarily give something to someone
Borrow = to temporary take something from someone
Ex. Thomas wants to borrow your phone. (Thomas wants to (temporarily) take your phone)
If you can substitute the word "take" for "borrow", and it still sounds good. It works.
Ex. Leah won't lend you her frying pan. (Leah won't (temporarily) give you her frying pan.)
If you can substitute the word "give" for "lend", and it still sounds good. It works.
*Notice*
After you use the word "borrow" you must tell us what you are borrowing. Borrow is a transitive verb. That means it needs an object after it.
Ex. Don't let him borrow that BOOK.
Jake said I could borrow his CALCULATOR
Can I borrow some PAPER.
After you use the word "lend" you must tell us who you are lending to and what you are lending. Lend is a transitive verb
Ex. Can you lend ME your pencil?
She has never lent HIM her car.
They are lending US the drum set for a week.
We did practice on "lend and borrow" using a worksheet.
Our next point was a crossword puzzle looking for more vocabulary words.
Main Learning Point
After today, you should be familiar with some necessary words we use in banking and finance as well as a few expressions. You should also have a strong grasp of the difference between "lend" and "borrow"
We started today by working with banking vocabulary and currencies. We used a worksheet to discover certain words. You can look up these words on your own if you missed class.
Savings
Credit
Loan
Overdraft
Withdraw
Deposit
Account
Checks
ATM
Online Banking
Exchange
Cash
Balance
Teller
Slip
Cashback
Interest
Principal
Refund
After discussing the vocabulary words, we introduced the words "lend" and "borrow". These are two commonly misused words in English. Here's a simple definition.
Lend = to temporarily give something to someone
Borrow = to temporary take something from someone
Ex. Thomas wants to borrow your phone. (Thomas wants to (temporarily) take your phone)
If you can substitute the word "take" for "borrow", and it still sounds good. It works.
Ex. Leah won't lend you her frying pan. (Leah won't (temporarily) give you her frying pan.)
If you can substitute the word "give" for "lend", and it still sounds good. It works.
*Notice*
After you use the word "borrow" you must tell us what you are borrowing. Borrow is a transitive verb. That means it needs an object after it.
Ex. Don't let him borrow that BOOK.
Jake said I could borrow his CALCULATOR
Can I borrow some PAPER.
After you use the word "lend" you must tell us who you are lending to and what you are lending. Lend is a transitive verb
Ex. Can you lend ME your pencil?
She has never lent HIM her car.
They are lending US the drum set for a week.
We did practice on "lend and borrow" using a worksheet.
Our next point was a crossword puzzle looking for more vocabulary words.
Main Learning Point
After today, you should be familiar with some necessary words we use in banking and finance as well as a few expressions. You should also have a strong grasp of the difference between "lend" and "borrow"
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