Questões de Inglês da INSTITUTO AOCP

#Questão 1020310 - Inglês, Interpretação de texto | Reading comprehension, INSTITUTO AOCP, 2022, BANESE, Desenvolvimento

According to the text, checking accounts are considered ‘transactional’. This feature points to the specific ways in which this type of account is meant to be used by clients. In practice, what does the term ‘transactional’ mean in this context?

A) It means that transactions are operations which can only be done once users reach the age of 18 or older and become financially responsible adults, otherwise checking accounts will remain age restricted, without exceptions.

B) It means that there are very little restrictions on the number of transactions a user can make, though banks still recommend users to use debit cards and checks instead of digital payment options for safety

C) It means that users are allowed to make transactions whenever and wherever they need, while also being provided with other means of accessing their money such as debit cards, checks and digital payment options.

D) It means that once users sign a formal agreement stating that they won’t use the account for their daily cash needs, banks will provide them with additional options to access their money and easily make transactions.

E) It means that transactions will only be allowed if a parent or legal guardian is present as a co-owner when users are under the age of 18, and in these cases additional payment options won’t be provided.

#Questão 1020311 - Inglês, Interpretação de texto | Reading comprehension, INSTITUTO AOCP, 2022, BANESE, Desenvolvimento

What is the Difference Between Checking and Savings Accounts?

The main difference between checking and savings accounts is that checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money. Checking accounts are considered “transactional,” meaning that they allow you to access your money when and where you need it. While both allow you to access your money, you may consider it easier to do so with checking accounts. Since these accounts are designed to give you easy access to your cash, they often come with debit cards, checks, and even offer digital payment options. In contrast, savings accounts have a limit on the number of withdrawals you can make each month.

While checking accounts are convenient for daily cash needs, it’s important to remember that they may be age restricted. Most banks won’t allow people under the age of 18 to open a checking account without a parent or legal guardian as a co-owner of the account. Before opening a checking account, make sure that its terms fit your financial needs and your lifestyle.

When it comes to setting aside money for a longterm need or goal, you should consider a savings account. Savings accounts are designed to hold money over a long period of time to help you save for larger goals (rather than everyday purchases). As your money stays in the account, it will accrue interest and grow over time. This means that you will need to visit your bank, set up a transfer online, or make an ATM withdrawal to access your money.

Keeping some of your money in a savings account is a great way to set it aside for emergencies or large purchases – its limited access will keep you from spending it on day-to-day necessities. There are also dedicated savings accounts for kids, though a parent or guardian is usually required as a joint owner.

(Adapted from: https://www.santanderbank.com/personal/resources/checkingsavings/difference-between-checking

savings#:~:text=The%20main%20difference%20between%20check

ing,and%20where%20you%20need%20it)

Read the excerpt below and choose the only alternative with a plausible interpretation of its content:
“Savings accounts are designed to hold money over a long period of time to help you save for larger goals (rather than everyday purchases). As your money stays in the account, it will accrue interest and grow over time. This means that you will need to visit your bank, set up a transfer online, or make an ATM withdrawal to access your money.”

A) The efficacy of a savings account is contingent upon the users’ willingness to be more mindful when making their daily purchases using the account, since their larger life goals are at stake.

B) To use a savings account, users must prioritize life goals and restrict their everyday purchases to a minimum, except for when the accrued interest justifies superfluous spending.

C) Savings accounts are subject to more restrictions than checking accounts since they are less flexible on giving users access to their money, which means they are mostly aimed at the wealthy.

D) In order for users to access their money from a savings account, it is necessary for them to either go to the bank personally, set up a transfer online or make an ATM withdrawal.

E) To withdraw money from a savings account, users must agree to the condition that their money may stop accruing interest and growing over time for a short period.

#Questão 1020312 - Inglês, Advérbios e conjunções | Adverbs and conjunctions, INSTITUTO AOCP, 2022, BANESE, Desenvolvimento

What is the Difference Between Checking and Savings Accounts?

The main difference between checking and savings accounts is that checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money. Checking accounts are considered “transactional,” meaning that they allow you to access your money when and where you need it. While both allow you to access your money, you may consider it easier to do so with checking accounts. Since these accounts are designed to give you easy access to your cash, they often come with debit cards, checks, and even offer digital payment options. In contrast, savings accounts have a limit on the number of withdrawals you can make each month.

While checking accounts are convenient for daily cash needs, it’s important to remember that they may be age restricted. Most banks won’t allow people under the age of 18 to open a checking account without a parent or legal guardian as a co-owner of the account. Before opening a checking account, make sure that its terms fit your financial needs and your lifestyle.

When it comes to setting aside money for a longterm need or goal, you should consider a savings account. Savings accounts are designed to hold money over a long period of time to help you save for larger goals (rather than everyday purchases). As your money stays in the account, it will accrue interest and grow over time. This means that you will need to visit your bank, set up a transfer online, or make an ATM withdrawal to access your money.

Keeping some of your money in a savings account is a great way to set it aside for emergencies or large purchases – its limited access will keep you from spending it on day-to-day necessities. There are also dedicated savings accounts for kids, though a parent or guardian is usually required as a joint owner.

(Adapted from: https://www.santanderbank.com/personal/resources/checkingsavings/difference-between-checking

savings#:~:text=The%20main%20difference%20between%20check

ing,and%20where%20you%20need%20it)

Pay close attention to the terms/idioms that are underlined in the five following sentences:
I. While both allow you to access your money, you may consider it easier to do so with checking accounts (1^st paragraph). II. In contrast, savings accounts have a limit on the number of withdrawals you can make each month (1^st paragraph). III. Most banks won’t allow people under the age of 18 to open a checking account without a parent or legal guardian as a co-owner of the account (2^nd paragraph). IV. When it comes to setting aside money for a long-term need or goal, you should consider a savings account (3^rd paragraph). V. There are also dedicated savings accounts for kids, though a parent or guardian is usually required as a joint owner (4^th paragraph).
Now, choose the alternative that classifies these terms correctly and matches them with an appropriate synonym.

A) In sentence I, the term “while” is used as a conjunction to connect two contrasting ideas and it could be replaced by “rather than” with no loss in meaning.

B) In sentence II, the idiom “in contrast” is being used to say that the following idea is very different from the previous one, and it could be replaced by “notwithstanding” with no loss in meaning.

C) In sentence III, the term “without” is used as a preposition and it could be replaced by “alongside” with no loss in meaning.

D) In sentence IV, the idiom “when it comes to” is being used to identify the topic that is being talked about, and it could be replaced by “regarding” with no loss in meaning.

E) In sentence V, the term “though” is used as a conjunction, and it could be replaced by “furthermore” with no loss in meaning.

#Questão 1020313 - Inglês, Interpretação de texto | Reading comprehension, INSTITUTO AOCP, 2022, BANESE, Desenvolvimento

What is the Difference Between Checking and Savings Accounts?

The main difference between checking and savings accounts is that checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money. Checking accounts are considered “transactional,” meaning that they allow you to access your money when and where you need it. While both allow you to access your money, you may consider it easier to do so with checking accounts. Since these accounts are designed to give you easy access to your cash, they often come with debit cards, checks, and even offer digital payment options. In contrast, savings accounts have a limit on the number of withdrawals you can make each month.

While checking accounts are convenient for daily cash needs, it’s important to remember that they may be age restricted. Most banks won’t allow people under the age of 18 to open a checking account without a parent or legal guardian as a co-owner of the account. Before opening a checking account, make sure that its terms fit your financial needs and your lifestyle.

When it comes to setting aside money for a longterm need or goal, you should consider a savings account. Savings accounts are designed to hold money over a long period of time to help you save for larger goals (rather than everyday purchases). As your money stays in the account, it will accrue interest and grow over time. This means that you will need to visit your bank, set up a transfer online, or make an ATM withdrawal to access your money.

Keeping some of your money in a savings account is a great way to set it aside for emergencies or large purchases – its limited access will keep you from spending it on day-to-day necessities. There are also dedicated savings accounts for kids, though a parent or guardian is usually required as a joint owner.

(Adapted from: https://www.santanderbank.com/personal/resources/checkingsavings/difference-between-checking

savings#:~:text=The%20main%20difference%20between%20check

ing,and%20where%20you%20need%20it)

Choose the alternative that correctly describes the meaning of one of the following words which were taken from the text.

A) In the text, the word “cash” (1^st paragraph) is being used to refer to equivalent forms of money such as checks, vouchers, or debit cards, as opposed to using credit cards or digital payment options.

B) In the text, the word “parent” (2^nd paragraph) is being used to refer to a person who relates to a given user as a responsible companion in the absence of the father or mother.

C) In the text, the word “daily” (1^st paragraph) is being used to refer to something, usually a long task, which takes an entire day to be completed and thus can only be done once at a time.

D) In the text, the word “withdrawals” (1^st paragraph) is being used to refer to the act of taking out money from a bank account with the intention of returning it in the near future.

E) In the text, the word “interest” (3^rd paragraph) is being used to refer to the sum of money that a person earns as a percentage of their own deposit in their bank account.

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