PM ESOL Online 1-11-24 Agenda Unit: Money -News & Housekeeping -Reading Practice -How money is made - coins and paper money -What is a Bank? -Conversation Practice ====================== Class Introduction (slides) Reading Practice Romaulde Ana Maria Adriane In other countries a date is written like 11 January In English a date is written like January 11 We write 11 We say 11th / eleventh Today is Thursday, January eleventh, 2024 ================== Housekeeping All students you can change your Zoom name in your profile Or I can change it temporarily for you - just for one class. ==================== News Martin Luther King day Holiday January 15 ====================== Money Bried review of money covered last week and Tuesday. ---------------------- How is money made? Coins Source: High Tech Robots at the San Francisco Mint (US Mint, video, 1:35 min.) https://www.youtube.com/watch?v=BqEDQa0WGf4 robots making money Mint United States Mint produces coins mint noun to mint verb sole = only, 1, no-one else The Mint is the only organization that can manufacture coins for US. =================== Discussion video interesting robots making coins robots Do you worry about robots? challenging for us lot of people going to lose a job makes sense good / bad sometime good sometime bad Will not be good if all people not working ===================== How Paper Money is Made (slide) Source: https://www.bep.gov/currency/faqs Reading Diana Romaulde Vocabulary sophisticated cutting edge technology very advanced very complex computerized sophisticated so phis ti cay tehd special special ized equipment = machines precision preh cih shin craftspeople craftsperson krafts perh sohn BEP Bureau of Engraving and Printing BEP makes the paper money ====================== Closer look at Paper Money Source: https://www.uscurrency.gov/denominations/1 Review sample paper money (front and back) Vocabulary security features raised printing "paper money" 1/4 linen 3/4 cotten red and blue security fibers watermark color shifting ink security thread 3-D security ribbon ===================== Portraits on U.S. paper currency (slide/list) Source: https://www.bep.gov/currency/faqs Do you know the Presidents on the front of paper money? What are the pictures on the back of paper money? ===================== BREAK 15 minutes 6:00 - 6:45 ==================== Who makes the coins? robots government organization United States Mint Where the coins are made. Philadelphia, Denver, San Francisco, and West Point. ------------------ Who makes the paper money? BEP Bureau of Engraving and Printing Where the paper money is made. Washington D.C. Fort Worth, Texas ===================== What is a Bank? Source: myfloridacfo.com, video, 5:28 min.) https://www.myfloridacfo.com/mymoney/me/whatisabank Vocabulary Banks customers Credit Union members It will be easier to get a loan at a credit union because as a member your money is being used to give other people loans. get a loan = borrow money different accounts for your money Check-cashing stores not like a bank or credit union Pre-paid card you do not have to use paper money Fees charge you money for services fees are higher at check cashing stores Know your fees before you sign up for an account banks and credit unions must follow rules Questions to ask: easy to get to nice people helpful people What days/hours is it open? fees? Why fees? comfortable and safe "shopping around" compare your options - compare banks - buy a car - get the best price on groceries look at the details ask your friends "read The Fine Print" ask about fees What are the fees for? teller (a person at a bank that helps you) personal banker cashier wait in line enters your information into a computer gives you a receipt put your money into a bank safe bank vault that is locked ====================== Discussion Do you have a bank? YYYYYYYYYY Do you have a credit union? YYYY Do you use check-cashing stores? ONLY Cash Y Check-Cashing You can walk into many grocery stores and you do not have to have an account... and they will still cash your check -show identification maybe Otherwise, banks and credit unions only cash your checks if you are member or customer and have an account Credit Union DCU Digital Credit Union no fees easy loans for car/house/education highly recommended cash currency from different countries and continents Examples DCU Leominster Bank keeps your money safe. Names of banks we like????? Examples: Bank of America Bershire Bank Citizen's Bank Citi Bank Savings Bank Liberty Bank Fidelity Bank Santander Bank Middlesex Bank End Class =====================