EXTRA TASK - English

TASK: Find and answer 10 up to 20 questions from English Book.

ACTIVITY 5 (Page 214)

Based on the chart, write five sentences about the two types of banking. Number one has been done for you.

1. Traditional banking needs more administration fees because it takes more staffs to handle the process.

2. Modern banking leverages web and mobile services, providing customers with convenient access to their accounts and financial services anytime, anywhere.

3. Traditional banking establishes long-term, in-person client relationships, emphasizing personal connections and trust-building over time.

4. In modern banking, customer support is predominantly offered through phone and online channels, reflecting the shift towards digital communication and accessibility.

5. Traditional banking involves a confirmation process that can be time-consuming, requiring manual verification and paperwork.

ACTIVITY 8 (Page 217)

1. It is said in the text that queuing up in a line is not necessary in internet banking. (True)

Because you can instantly do the internet banking activities without queuing up in a line. It's flexible to use.

2. Traditional banking costs more than internet banking. (True)

Traditional banking usually use high fee because of their offline services.

3. The transaction through internet banking is faster. (True)

Internet banking is a state-of-art and easily to use for transaction.

4. Internet banking does not need many employees and staff. (False)

Based on my point of view, even internet banking exist it doesn't means if they can cut out some employees and staff. Sometimes when the internet banking error, the bank worker will be help the customers.

5. Customers of internet banking do not have to visit the branch if they get into trouble in their transaction. (True)

Internet banking gives you one advantage that you can communicate with the bank instantly, online, and easily without do it face-to-face from the branch.

ACTIVITY 5 (Page 220)

Write three reasons why saving money is important.

Saving money is crucial for several reasons, and here are three key reasons why it is important:

1. Long-term Security and Financial Independence

Saving money provides a safety net for the future, allowing individuals to prepare for unexpected expenses and financial emergencies. This financial security also enables people to make choices about how they want to live and support the things that are most important to them in life. Additionally, having a substantial amount of savings can lead to financial independence, where individuals are self-sufficient and have the freedom to pursue their passions without being constrained by financial pressures.

2. Reducing Stress and Enhancing Quality of Life

Saving money can significantly reduce financial stress, which is a major contributor to mental health issues. By having a cushion of savings, individuals can focus on their goals and enjoy life without worrying about the financial implications of unexpected expenses or emergencies. This financial security also allows people to make choices about how they want to spend their time and resources, leading to a more fulfilling and enjoyable life.

3. Compound Interest and Future Opportunities

Saving money also offers the opportunity to benefit from compound interest, where the interest earned is reinvested to generate even more interest over time. This can lead to significant growth in savings over the long term, making it possible to achieve long-term financial goals such as retirement or major purchases. Furthermore, having a substantial amount of savings can provide the financial flexibility to take calculated risks, pursue new opportunities, or invest in personal development, ultimately leading to a more prosperous and fulfilling life.