GRADE 11 SUBJECTENGFAL WEEK 2 TOPIC

READING:COMPREHENSION

Date: ____________________________

LEARNER WORKBOOK

Activity 1

COMPREHENSION

QUESTION 1

Read the following passage (TEXT A) and answer the questions that follow.

TEXT A

KA-CHING!1 Don’t stash your cash under floorboards – that’s what bank accounts are for.

Follow our advice to open one that’s right for you.

2 Do your homework- Examine your financial situation. Do you have enough money? Most banks require a certain amount, R500 foe instance, to open a bank account. Always go for a bank that is well known and has a good reputation.

3 Choose wisely – Find out about the extra charges you could incur every month, such as the service fees the bank will charge, to get the best deal possible.

4 Compare the interest you could earn on money you put away – pick the bank that offers the highest return on your cash.

5 Does the bank offer easy access to information about what is happening in your account? Does it offer online banking? And telephone banking? Are there ATM’s close to your home and school?

6 Compare the rewards programmes of different banks. Depending on the bank you sign up with, there can be a number of cool benefits in cash-back or points accumulation, which you can redeem against products or save on other purchases in the future.

7 Select an account – What kind of account do you need? Savings accounts are just what the name says – an account where you keep your cash, into which you can make deposits or withdraw money whenever you want. If you’re serious about saving, then consider an additional call account, which is like a savings account, but requires a certain notice period before you can

withdraw from it, for example 30 days or six months. These types of accounts make it easier not to spend all your money on a whim – and you get higher interest rates.

8 Plan for the extra expenses – Certain accounts require you to have a small amount of money in the bank at all times, which you’ll be unable to withdraw. Most banks charge a small monthly fee to manage your account, so plan for this.

9 Withdrawals form ATMs cost money. Your own bank will charge you a nominal fee, but is you withdraw from another bank’s ATM, it will end up costing you far more.

10 Decide on the type of card – A debit card is a good option to start with, as you can only withdraw what is in the bank account and nothing more – unlike a credit card, which allows you to borrow money from the bank and pay back later (with interest).

11 TIP: Download your bank’s mobile app to keep track of your money on the go.

[Adapted from Club X – December 2013

1.1. Choose the word that explains the meaning of “incur” as used in the paragraph 3 “you could incur every month.”

Write down only the question number (1.1) and the letter (A-D).

A You have to pay money.B You have money paid to you. C To experience something pleasant.D To be independent (1)

1.2 List TWO electronic mediums you can use when banking. (2)

1.3 Explain in your own words how the rewards programmes of banks differ from each other. (2)

1.4 You are unsure if you should choose a call account or not. Compare the advantages and disadvantages of the call account. (2)

1.5 The following statement is TRUE:

When withdrawing money from your bank’s ATM, money will be deducted from your balance. Quote FIVE consecutive words to prove the statement is true. (1)

1.6 Why is it important to know that a small amount of money will need to stay in your account? (1)

1.7 Why is it important to choose a bank which ATMS are close to your house or school? (1)

1.8 What is the difference between the interest rate mentioned in paragraph 7 and the interest in paragraph 10? (2)

1.9 What is a “mobile app” (paragraph 11)? (2)

1.10 Why would you want to “keep track of your money”? (1)

1.11 Give a new title of no more than 6 words for the article. (1)

1.12 1.12.1 What figure of speech is used in the title of the article? 1.12.2 And what is the effect of the figure of speech? (2)

1.13 What is the connection between the title and the information in the article? (1)

1.14 Have you found the information in the article useful? Explain your answer. (2)

1.15 Which account would suit you the best at this moment and why? (2)[23]

Read the following passage (TEXT B) and answer the questions that follow.

1.16 Quote ONE word that implies that the cost of a course might be more than R300p/m. (1)

1.17 What do the words “p/m” stand for? (1)

1.18 What do you think is the difference between a “Faculty of Study” and “a course”? (2)

1.19 The Academy of York has introduced 2 new courses. How can you identify them? (1)

1.20 What does the photograph of the woman in the top right hand side imply? (1)

1.21 Who will be interested in studying from home? (1)[7 ]

TOTAL SECTION A: 30