Page 74 - Grasp English C1+ (Workbook)

7 Fınance

Why are banks the safest option?

Financial institutions, such as banks, have long been A further reason to own a bank account is that it
the best option for citizens to keep their money provides access to a number of public services
safe for a number of reasons. They offer far more which is becoming more difficult to use when paying
protection than keeping money in a private property, in cash. These include, but are certainly not limited to
and citizens should be discouraged from believing internet service providers, online travel sites and car
that their money is safest under their mattress. rental companies. Without a bank account and the
credit or debit cards it offers, many services are off-
One of the main benefits of opening a bank account limits to citizens.
is that any money saved there will earn interest. This
means that without needing any knowledge of To sum up, as well as earning interest and providing
interest rates, the stock exchange is increasing the access to a wide range of services, keeping your
wealth of its owner. money in a bank ensures your money is safe.

Furthermore, banks offer insurance should there be a
robbery and money is stolen. Whilst home insurance
will also cover citizens in the event of a break-in, it
may not cover the full amount. This is particularly true
if the homeowner is unable to provide evidence of
the exact amount which has been stolen. A bank
account, on the other hand, is an up-to-date record
of an individual’s financial situation.

C. Read the essay and answer the questions.
1. What does the author give as the main benefit of bank accounts?
2. Why might an insurance company not cover money which is kept on your property?

3. What services, only accessible with a credit or debit card, does the text mention?
4. To what extent do you agree with the arguments in the text?

D. Find the words below in the text and explain their meaning to a partner.
Student A Student B

mattress, earn interest, the stock wealth, insurance, internet service
exchange, ensure
provider, off-limits

E. Complete the table below.

Thesis statement: Linking devices and vocabulary I’m going to use:

in the introduction:
Arguments, with supporting reasons: to introduce my first point:

to introduce my second point:
to introduce my third point:
in conclusion:

F. Now write your argumentative essay (180–220 words). Use the information from the table above.

72