Algerian Banks Offer More Consumer Loans
Listen to the story
Banks in Algeria now offer more loans to people.
A loan is money a bank gives you. You pay it back later.
This is called consumer credit. It helps people buy things.
Banks like BNA, CPA, and BDL have new car loans.
Some car loans give up to 100% of the money. This means you do not need to pay any money first.
Each bank has different rules. People must check the rules before they choose a bank.
The Bank of Algeria is the country's main bank. It controls all the other banks.
The Bank of Algeria wants banks to change fast. This is called financial reform.
Reform means new and better rules for money and banks.
The Bank of Algeria is putting pressure on banks. This means it wants fast action.
Banks must work quickly to make these changes.
This news is about money and banks in Algeria.
Vocabulary8 words
- loan
- money a bank gives you; you must pay it back
- consumer credit
- money banks give people to buy things
- Bank of Algeria
- the main bank that controls other banks in Algeria
- financial reform
- big changes to make money systems better
- finance
- to give money for something
- pressure
- strong push to make someone do something fast
- condition
- a rule you must follow
- bank
- a place that keeps and lends money
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Quiz
Answer key
1. Offering more types of loans 2. Up to 100% of the cost 3. Faster financial reform
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Banks in Algeria now offer more _____ to people.
This is called consumer _____. It helps people buy things.
Banks like BNA, CPA, and BDL have new _____ loans.
Some car loans give up to _____ % of the money.
Each bank has different _____. People must check them first.
The _____ of Algeria is the country's main bank.
The Bank of Algeria wants banks to change _____.
This is called financial _____.
The Bank of Algeria is putting _____ on banks.
Banks must work _____ to make these changes.
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