CELPIP Reading Apply a Diagram Bank Account

CELPIP Reading Apply a Diagram Bank Account

Reading Apply a Diagram Bank Account

This Reading Module has 8 questions similar to the kinds of questions that you can expect to find on an actual CELPIP Test. Practice Celpip Test Reading Apply a Diagram Bank Account

Part 1

Directions: Read the following Table. Answer the questions by choosing the best word or phrase to complete
the sentence, referring to the table when necessary.

 

Simple Checking Account Monthly fee: $5.99
Earns interest: no
Monthly transactions: 15
Overdraft protection: $500
Student Checking Account Monthly fee: free
Earns interest: no
ATM fees: $1.50/transaction
Minimum balance: $100
Convenience Checking Monthly fee: $9.99
Earns interest: 1.5%
Monthly transactions: 25
Minimum balance: $3000
Premier Checking

Monthly fee: $19.99
Earns interest: 1.5%
Unlimited transactions
No ATM fees when traveling
Free Travel Plus Credit Card


Part 2

Hi Jared,

Thanks for your email! It’s great to hear that you’ve arrived in Canada. I hope everything goes smoothly as you get set up here.

To answer your question, I’m not actually sure which bank account would be best for you. It depends on what you’re planning to do. You probably don’t have a lot of money left after your move, so I would recommend getting an account with 1._______[ no earned interest / no monthly fee / no overdraft protection / no travel benefits] You mentioned the possibility of going to school, right? If that is the case, a student account would be good because there is no monthly fee. The downside, though, is that 2. _______ [ you have to keep at least $100 in your account / the interest is low / you have overdraft protection / you won’t be able to travel] Do you go to the bank quite often? Another problem with the student account is that you have 3. _______ [ to pay a monthly fee / overdraft protection / limited transactions / to pay for every transaction] The simple checking account, on the other hand, gives you 15 free transactions per month. Also, if you run into financial problems, you 4._______ [ will still earn interest on your balance / can have the monthly fee waived / have $500 of overdraft protection if you need it / open a savings account]

If you’re going to get a job, then paying a monthly fee won’t be a problem for you. In that case, I would recommend the convenience checking account. The premier checking account wouldn’t really give you any added benefits unless you want to 5. _______ [ earn more interest / maintain a large balance / have overdraft protection / travel]

Anyway, let me know if you need any more help getting set up!

Take care,
Sam

Part 3

Directions: Answer the questions by choosing the best word or phrase to complete the sentence, referring to the e-mail and to the table when necessary.

6. Jared initially wrote Sam _______

A. asking for advice
B. explaining a problem
C. giving advice about bank accounts
D. asking for a job

7. Sam _________

A. thinks Jared will go to school
B. thinks Jared will find a job
C. is not eager to help Jared
D. is unsure what Jared will do

8. Sam thinks _________

A. Jared is rich
B. Jared doesn’t have much money
C. Jared made a bad decision
D. Jared should get the premium checking account


CELPIP Reading Apply a Diagram Bank Account Vocabulary

Checking account (basic bank account)

Minimum balance (the amount of money you need to keep in your account)

Overdraft protection (a feature that allows your account to have a negative balance. For example, if you only have $200, and you buy something for $700, the transaction will still be approved if you have $500 of overdraft protection. You will probably have to pay a fee or interest on the money borrowed.)

Waived (do not have to pay the fee)

Eager (want to do something)


CELPIP Reading Apply a Diagram Bank Account Answers

1. B – no monthly fee

2. A – you have to keep at least $100 in your account

3. D – pay for every transaction

4. C – have $500 of overdraft protection if you need it

5. D – travel

6. A – asking for advice

7. D – unsure what Jared will do

8. B – Jared doesn’t have much money


Also Check:   CELPIP Reading for Information Maple Syrup

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