3. An article about euro accounts.
Read the first part of a business article and choose the best title for it.
Charges,
low interest rates and restrictions on the way money can be
deposited can reduce the benefits. "These accounts are
more for frequent travellers to continental Europe or for
people who own property abroad," says Miranda Watson
at the Consumers' Association. "They are much more expensive
to use than ordinary accounts."
There is not even the benefit of being able
to transfer euros between banks cheaply because European banks
still charge for cross-border transactions. There is no central
European clearing system.
4. Meaning in context.
Now read the article again. Choose the correct definition for the underlined words.
Regular travellers from the UK to the eurozone lose money every time they convert cash, withdraw money from a cashpoint or pay with a credit card, unless they open a euro bank account. But euro bank accounts have not taken off as fast as providers had hoped.
Charges, low interest rates and restrictions on the way money can be deposited can reduce the benefits. "These accounts are more for frequent travellers to continental Europe or for people who own property abroad," says Miranda Watson at the Consumers' Association. "They are much more expensive to use than ordinary accounts."
There is not even the benefit of being able to transfer euros between banks cheaply because European banks still charge for cross-border transactions. There is no central European clearing system.
6. Verbs + nouns.
Can you remember? Type in the missing verbs. The first letter of each verb is given.
10. Writing Tutorial 2.
Answer the following questions about euro accounts:
- Do you have any experience with euro accounts?
- What is a euro account and when do people use them?
- Is the situation now the same as it is described in the article you read in this section?
- How should regular travellers or property owners in your country do their banking?
Write between 100 and 200 words.