Professional Documents
Culture Documents
Level 2 Intermediate
b) In pairs, offer to lend someone something, and ask to borrow something. Then explain to a third person
what you said and did.
Credit crunch: A shortage of available loans. This could simply mean a rise in interest rates, but
it often means that some borrowers cannot get loans at all.
1. A legal agreement in which you borrow money from a bank to buy a house. Repayments are usually made
monthly. ___________________
3. A situation in which your house has lost value and is now worth less than the amount you are paying for it.
_____________________
4. A period when trade and industry are not successful and there is a lot of unemployment. _________________
6. Amount of money that a person, business or country borrows, especially from a bank. __________________
7. An agreement with your bank that allows you to spend money when you have no money left in your account.
___________________
8. The percentage that an institution such as a bank charges or pays you when you borrow money from it or keep
money in an account. ___________________
10. An economic process in which prices increase so that money becomes less valuable. ___________________
3 Comprehension check
According to the article, are these sentences True (T) or False (F)? Correct any false sentences.
Drawarrows(upward,downwardorsteady)nexttothesephrasesfromthetexttoshowwhatkindof
trend they describe.
Discuss in groups what advice you would give people to help them avoid or survive the credit crunch.
Then role play the situation.
6 Webquest
Skimreadthefollowingarticletodiscoverwhatadvicesomenancialprofessionalsaregiving.Isthe
advice similartoyoursinquestion5?
http://www.guardian.co.uk/money/2008/apr/13/consumeraffairs.householdbills
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