Lending and Borrowing Concepts

The video tutorial explains the difference between the verbs 'lend' and 'borrow' in English, highlighting their temporary nature. It provides examples of their usage in everyday situations and financial contexts, such as loans from banks. The concept of interest and security in loans is also discussed, illustrated by a real-life example involving a Rolls Royce used as security for a small loan.

What is the main topic introduced in the first section?

• Borrowing and lending everyday items

• The history of lending

• The weather

• The financial market

In English, which two verbs are used for the action of temporarily giving and taking?

• Give and take

• Lend and borrow

• Sell and buy

• Send and receive

What is the key characteristic of lending and borrowing?

• They involve large sums of money

• They are temporary activities

• They are permanent activities

• They are only used in business

Which verb is regular: borrow or lend?

• Both are regular

• Lend

• Borrow

• Neither is regular

What is a loan in financial terms?

• A permanent transfer of money

• Money borrowed from a bank

• A gift

• A type of investment

What is interest in the context of borrowing money?

• A type of loan

• The cost of borrowing money

• A reward for saving money

• A fee for late payment

Why did the British woman leave her Rolls Royce as security?

• To buy a new car

• To donate it

• To sell it

• To find cheap parking