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Banking Vocabulary Practice

This document contains a banking vocabulary practice activity in Spanish. It includes a reading on basic banking terms like savings accounts, checking accounts, loans, and interest. It then lists 10 unknown vocabulary words from the reading and their Spanish translations. Finally, it provides 5 multiple choice questions to test understanding of concepts from the reading like how banks make money through interest and how interest rates are determined.

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Yileidy D. Suarez R
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114 views

Banking Vocabulary Practice

This document contains a banking vocabulary practice activity in Spanish. It includes a reading on basic banking terms like savings accounts, checking accounts, loans, and interest. It then lists 10 unknown vocabulary words from the reading and their Spanish translations. Finally, it provides 5 multiple choice questions to test understanding of concepts from the reading like how banks make money through interest and how interest rates are determined.

Uploaded by

Yileidy D. Suarez R
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: __Yileidy Danessa Suarez Rojas Date:_____20 th March 2020___________________

Banking Vocabulary Practice


1. Por parejas, realice la lectura, escriba un listado de vocabulario técnico desconocido con su
respectiva traducción en Español y responda las preguntas para posterior socialización:

BANKING: Banks are places where people can keep their money. Most people use banks to save
money in their savings accounts and to pay money from their checking accounts. Today, when a
person earns money from their job, their paycheck is often electronically deposited (put) into
their savings or checking account. Then, he or she can pay their bills by writing checks from their
checking accounts or pay online where their bills are electronically connected to their bank
accounts. Banks also give loans to people. Banks use the money that their customers deposit to
lend to people to buy new houses, cars, or to start businesses among other reasons. The bank
makes money from lending by charging interest. In other words, people have to pay back more
than they borrowed. This amount depends on how risky the bank thinks the borrower is and how
fast the loan is paid back among other things.

Unknown Vocabulary:

Places: lugares, sitio


Can: poder
Keep: Guardar
Savings: Ahorros
Accounts: Cuentas
Pay: Pagar
Checking: Corriente
Earns: Ganar
Paycheck: Pago de cheque
Put: Poner, Meter.
Bills: la Cuenta
Give: Dar
Loans: el Préstamo
Customers: El/ la cliente
Lend: Prestar
Businesses: Negocios
Among: Entre
Lending: Prestamos
Charging: Cargo
Borrowed: Prestado
Amount: Cantidad
Risky: Arriesgado
Thinks: Pensar
Borrower: El/ la agente
Paid: Pagado
Things: las cosas

1. What do banks NOT do?


a) Give loans
b) Tax people
c) Charge interest
d) Allow people to pay bills online from their accounts

2. What do banks NOT do?


a) Help people get jobs
b) Provide a place for people to save their money
c) Lend money to people
d) Provide a place where people can pay their bills from

3. How does "interest" work?


a) Banks require people to pay back more money than they borrowed.
b) Banks require people to pay back money they borrowed very quickly.
c) Banks require people to pay back the same amount they borrowed.
d) Banks pay people more money than they borrowed.

4. How do banks make money?


a) Electronically
b) Charging interest to those they lend to
c) Saving their customers deposits
d) By having a lot of accounts

5. How much "interest" do borrowers have to pay?


a) Everyone pays the same amount of interest.
b) The story doesn't say.
c) Most borrowers don't have to pay interest.
d) It depends on a lot of things.

2. Understanding Banks Vocabulary Matching. Draw a line from the word to the correct definition.
1. deposit the person you talk to at the bank when you need a
loan

2. bank the card you use when you deposit or withdraw


money from an automatic teller machine

3. loan officer taking money out of your checking or savings


account

4. Automatic Teller Machine lending money with the understanding that it will be
paid back with interest

5. checking account adding money to your checking account

6. ATM card a place where people can save or borrow money

7. withdrawal a locked box in the bank where you can keep your
valuable things

8. safe deposit box a computer in a public place connected to the bank


that allows you to deposit and withdraw money

9. loan a charge for a loan

10. interest a bank account that allows you to write checks for
things you buy

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