UNIT 4
Banking
·
Do
you think banks are a good idea?
·
Is it easy or difficult to open a bank account here in Oman?
· What documents
do you need?
·
How much money do you need to open an account?
*****
First person
“I don’t like banks – never have and
never will. They make a lot of money from people like me, and I don’t have a lot of money to give. Why should I pay
for a bank to have my money? I prefer to use cash only – then I always know exactly how much I have. It also stops me
from going overdrawn – if I don’t have it I can’t spend it! So all my money is kept somewhere safe in the
house (no, not under the mattress!). Sometimes I worry about burglars but I don’t think they’ll find anything.
Even my wife doesn’t know where it is! For me this is so much simpler. Banks are confusing places for old people, with
lots of difficult paperwork.”
Second person
“I can’t live without a bank account. Firstly,
my salary goes directly into my bank. Secondly, I have an online account and so most of my banking is done on my computer
nowadays. In fact I can’t remember the last time I went into a bank building. It’s very simple and safe to pay
large amounts of money, for example my rent. Thirdly, it’s convenient. Whenever I want money I simply withdraw some
from an ATM. I do have to be careful with my credit card though. Last year I went overdrawn and the bank charged me a lot
for that. If there’s any money left in my current account at the end of each month I transfer this to my savings account.”
Third person
“I have a bank account but I hate it. They charge
me so much for everything. For example, they charge me for taking money out and for writing a cheque. It’s terrible
– every year I pay the bank for keeping my money! Also, if I do anything wrong I get charged a lot for that too. I was
late paying my credit card bill one month – only by a few days – and they made me pay $40 for that! I don’t
earn a lot of money so this was a big problem for me. Of course, they charge me for the credit card too! When I try to call
them it’s impossible to speak to anyone who can help me. Banks are good for people with lots of money but not for low
paid workers like me.”
Fourth person
“I
belong to a time bank – there’s no money involved, only time! How does it work? Well, every time a person does
something to help someone else they earn a time credit. One hour’s work is one time credit. It doesn’t matter
what the work is – all work is considered of equal value. I’m a hairdresser so when I spend an hour cutting someone’s
hair I get one time credit. I can spend the time credits on different things. I can give one time credit when I go to my local
yoga class, or another time credit to the man next door when he cuts my grass, or to Mrs. Smith for two jars of her homemade
jam. It’s free to join and the ‘money’ stays in the community – and there’s no tax either!”
Find words or phrases in the first two paragraphs that mean the same as the following.
1. money in the form
of coins or notes
2. a type of bank account that
you can take money out of at any time
3. money that professional people receive for
doing their job
4. a ‘hole-in-the-wall’ machine
5. to take money out of a bank account
6. to take out more money
from a bank account than it contains
7. to send money from one bank account to another
8. Complete the following
table.
|
Type of bank account |
Likes/dislikes banks |
Reasons |
First person |
none |
dislikes |
1.
2.
3. too much paperwork |
Second person |
|
|
1.
2.
3. |
Third person |
|
|
1.
2.
3. |
Fourth person |
|
|
1.
2.
3. |
9. Which person dislikes banks the
most?
10. Which person depends on banks
the most?
The Power of Advertising
· When you see an advertisement you like,
do you usually go and buy the product?
· Do you find most of the advertisements
you see informative or entertaining, or annoying?
· Which is your favourite advertisement?
Why do you like it?
·
Match the words with their meanings.
excessive
promote
perseverance
campaign
materialism |
belief that getting money and things is the most important thing
in life
much more than is reasonable or necessary
to help something develop and be successful
determination to keep trying to do or achieve something
a series of actions to achieve a particular result |
*****
Teams of writers, artists, and designers work together at
advertising companies to produce effective ads. Although advertising can increase the sales of a product, the cost is not
cheap. Billions of dollars are spent each year on advertising campaigns to market products. Newspaper ads can cost thousands
of dollars, magazine and Web ads can cost hundreds of thousands of dollars, and television commercials can run into millions.
Why do companies spend so much money to promote their products
or services? When successful, advertising can create powerful images connected to a particular brand. Whether we like them
or not, ads become part of our consciousness and may remain in our memories for decades.
With so many forms of communication competing for our attention
today, it is not easy to get one message to stand out from the others. This is the challenge of advertising, to create slogans,
or short memorable phrases, that will remind us of a particular brand.
Some ads aim to create a feeling of warmth and comfort.
The Pillsbury food company has shown scenes of mothers taking cookies or cakes out of the oven to promote their baking products.
“Nothing says loving like something from the oven” is the slogan that associates their products with the warmth
of family and home.
Other ads use humour to catch the attention of the audience.
A series of advertisements for milk called “Got Milk?” has featured famous celebrities with milk on their upper
lips, looking as if they are wearing milk “moustaches”.
Inspiration and perseverance are themes appearing in numerous
ads. The sportswear company Nike has created a successful ad campaign that shows athletes exercising and pushing themselves
to the limit. Nike’s simple slogan “Just do it” encourages viewers to jump into some type of physical exercise
themselves.
Critics of advertising point out that audiences are faced
by a vast number of ads pushing them to buy, buy, buy. They say that the strong forces of advertising contribute to a society
that is based on materialism. Other people simply find ads annoying when they take up huge amounts of space in newspapers
or magazines, interrupt television programmes, or pop up on computer screens. Parents, especially, often feel frustrated by
excessive advertising. They find themselves having to tell their children that they do not really need to eat every new kind
of snack food or buy every new toy on the market. It is estimated that advertisers spend more than $12 billion per year on
advertising messages aimed at the youth market. Today, the average child watches more than 40,000 television commercials per
year.
Most of us, however, will admit to finding at least some
ads entertaining or even informative. Whether we find ads annoying or not, it is certain that they will continue to appear
in much of what we read and watch.
Fill in the blanks
with these words from the text.
excessive
promote perseverance materialism
campaign |
1. My brother has hired
an advertising agency to help him ________________ his product.
2. The company
will announce its new advertising _______________ next week.
3. Mai loves to
buy things. Many people criticize her for her __________________.
4. Jose shows great
____________________ in trying to improve his English.
5. Jeanine’s
husband worries about her _________________ spending.
Are the following
statements True or False?
6. It is very difficult
for advertisers to get a message noticed.
7. If you hear
an advertisement often, it becomes part of your consciousness.
8. Humour is the
only method of catching the attention of an audience.
9. Advertisements
aimed at children frustrate some parents.
10. Millions of
dollars are spent annually to market products.
11. Most ads have
themes of inspiration and perseverance.
12. A “catchy”
slogan is a slogan that gets the attention of the audience.
Sources:
McAvoy, J. 2007, ‘Reading Skills Lesson Plan: Banking’, viewed 12 July 2008, <http://www.onestopenglish.com/section.asp?catid=59408&docid=155296>
Blanchard,
K. & Root, C. 2006, Ready to Read More: A Skills-Based Reader, Pearson
Education, Inc., U.S.A.