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Turkey Raises Borrowing Costs to Control Rising Prices

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The money people in Turkey said they will not make it more expensive to borrow money for much longer. They want to make sure that prices for things don't keep going up too much. Turkey used to have a strong economy, but it's been having trouble lately. Last year, because they made some bad decisions, the money in Turkey was not worth as much as before.

Turkey is now trying a new way to stop prices from going up too much. They want to make it harder for people to borrow money so that things don't get more expensive. A woman who knows a lot about money is now in charge of these decisions. Everyone is waiting to see if her plan will work to make the economy better.

Original news source: Turkey's central bank raises interest rates to 40% (BBC)

πŸ“– Vocabulary:

1. borrow
2. expensive
3. prices
4. leader
5. decisions
6. economy
7. trouble
8. plan

Group or Classroom Activities

Warm-up Activities:

– News Summary
Instructions:
1. Divide the class into pairs or small groups.
2. Give each group a copy of the article.
3. Instruct the groups to read the article and summarize the main points in 3-5 sentences.
4. After a designated time, have each group share their summaries with the class.
– Opinion Poll
Instructions:
1. Divide the class into pairs or small groups.
2. Instruct the groups to discuss and share their opinions on the following questions:
– Do you think it was a good decision to make borrowing money more expensive in Turkey?
– How do you think this will affect the economy?
3. After a designated time, have each group share their opinions with the class.
– Vocabulary Pictionary
Instructions:
1. Write a list of vocabulary words from the article on the board.
2. Divide the class into pairs or small groups.
3. Instruct each pair/group to choose a word from the list and draw a picture to represent that word.
4. Have the pairs/groups take turns showing their pictures to the class and asking their classmates to guess the word.
– Speed Summarizing
Instructions:
1. Divide the class into pairs.
2. Give each pair a copy of the article.
3. Instruct one student in each pair to be the "speaker" and the other student to be the "listener."
4. Set a timer for 2-3 minutes.
5. The "speaker" must read the article aloud and try to summarize the main points as quickly as possible.
6. The "listener" must listen carefully and then summarize what they heard to the best of their ability.
7. After the time is up, have the pairs switch roles and repeat the activity.
– Think-Pair-Share
Instructions:
1. Ask the class the following question: "What do you think are some possible reasons for the economic troubles in Turkey?"
2. Give the students a few minutes to think about their answers individually.
3. Instruct the students to pair up and share their thoughts with their partner.
4. After a designated time, have a few pairs share their ideas with the class.

πŸ€” Comprehension Questions:

1. Why did the people in charge make it more expensive to borrow money in Turkey?

2. Why did the leader of Turkey change his mind about making borrowing money more expensive?

3. What are the money people in Turkey trying to make sure doesn't happen?

4. What happened to the money in Turkey last year?

5. What is Turkey trying to do to stop prices from going up too much?

6. Who is now in charge of the money decisions in Turkey?

7. What is everyone waiting to see if her plan will do?

🎧✍️ Listen and Fill in the Gaps:

The people who decide how much it costs to borrow money in Turkey have made it more expensive. They did this because the of things are up very fast. The of Turkey didn't want to make borrowing money more expensive, but he changed his mind. Now, the in charge of the decisions is to make prices stop going up so quickly. The money people in Turkey said they will not make it more expensive to borrow money for much longer. They want to make sure that prices for things don't keep going up too much. used to have a strong , but it's been having trouble lately. year, because they made some bad decisions, the money in Turkey was not worth as much as before. Turkey is now trying a new way to stop prices from going up too much. They want to make it harder for people to borrow money so that things don't get more . A woman who knows a lot about money is now in charge of these . Everyone is to see if her plan will work to make the economy better.

πŸ’¬ Discussion Questions:

1. What does it mean to borrow money?
2. How would you feel if the price of things in your country started going up very fast?
3. Do you like it when borrowing money becomes more expensive? Why or why not?
4. What do you think happens when the prices of things keep going up too much?
5. How do you think making it harder for people to borrow money can help stop prices from going up?
6. Do you think it's important for a country to have a strong economy? Why or why not?
7. How do you think making bad decisions can affect the value of money in a country?
8. What do you think about having a woman in charge of making money decisions?
9. Do you think the woman's plan will make the economy better? Why or why not?
10. How do you think the economy can be improved in a country?
11. What would you do if you were in charge of making money decisions in your country?
12. Why do you think everyone is waiting to see if the woman's plan will work?

Individual Activities

πŸ“–πŸ’­ Vocabulary Meanings:

Click a dot next to a word, then click the dot next to its meaning to draw a line connecting them.

Words

1. borrow
2. expensive
3. prices
4. leader
5. decisions
6. economy
7. trouble
8. plan

Meanings

(A) To take something from someone with the promise to give it back
(B) The amount of money you have to pay for something
(C) A strategy or idea to achieve something
(D) The system of money and trade in a country
(E) Costing a lot of money
(F) Problems or difficulties
(G) The person in charge
(H) Choices that you make

πŸ”‘ Multiple Choice Questions:

1. Why did the people who decide how much it costs to borrow money in Turkey make it more expensive?
(a) Prices of things were going up very fast
(b) The leader of Turkey wanted borrowing money to be more expensive
(c) The economy in Turkey was doing very well
(d) They wanted to make it easier for people to borrow money
2. What did the leader of Turkey originally want?
(a) He wanted prices to keep going up
(b) He wanted to make it easier for people to borrow money
(c) He wanted to make the economy worse
(d) He didn't want borrowing money to be more expensive
3. Why did the money people in Turkey say they will not make it more expensive to borrow money for much longer?
(a) They want to make it harder for people to borrow money
(b) They want to make the economy worse
(c) They want to make sure prices don't keep going up too much
(d) They want to make borrowing money easier
4. What happened to the money in Turkey last year?
(a) It became more valuable
(b) It was not worth as much as before
(c) It stayed the same
(d) It disappeared
5. What is Turkey trying to do to stop prices from going up too much?
(a) Make it easier for people to borrow money
(b) Make it harder for people to borrow money
(c) Make prices go up even more
(d) Ignore the problem
6. Who is now in charge of the money decisions in Turkey?
(a) The leader of Turkey
(b) The people who decide how much it costs to borrow money
(c) Nobody
(d) A woman who knows a lot about money
7. What is everyone waiting to see?
(a) If prices will keep going up
(b) If borrowing money will become easier
(c) If the woman's plan will work to make the economy better
(d) If the leader of Turkey will change his mind again
8. What is the main problem in Turkey's economy?
(a) Prices are going up too fast
(b) Money is not worth as much as before
(c) Borrowing money is too expensive
(d) The leader of Turkey is making bad decisions

πŸ•΅οΈ True or False Questions:

The person in charge of money decisions in Turkey is trying to speed up the increase in prices.
Last year, the value of money in Turkey increased because of some bad decisions.
The people in charge of borrowing money in Turkey have made it more expensive because prices are increasing quickly.
Turkey is attempting a new strategy to prevent prices from rising too much by making it harder for people to borrow money.
The leader of Turkey initially did not want to make borrowing money more expensive, but he changed his mind.
An ignorant woman is now in charge of making these money decisions, and everyone is waiting to see if her plan will worsen the economy.
The money people in Turkey have said that they will not make borrowing money more expensive for much longer.
Turkey used to have a weak economy, but it has been flourishing recently.

πŸ“ Write a Summary:

Write a summary of this news article in two sentences.
Check your writing now with the best free AI for English writing!

Writing Questions:

1. Why did the people in charge of money in Turkey make it more expensive to borrow money?
2. Who is trying to make prices stop going up so quickly in Turkey?
3. What happened to the money in Turkey last year?
4. How is Turkey trying to stop prices from going up too much?
5. Who is now in charge of the decisions about borrowing money in Turkey?

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