People Who Cheat Will Do It Again

Cheque your vocabulary for TOEFL

MONEY AND FINANCE

Complete sentences and paragraphs one – xx with a word or expression from the box. In each case, the give-and-take / expression you demand is connected in some way with the word in assuming in the same sentence / paragraph (for instance, it might have a similar pregnant, information technology might exist an contrary, or it might be a discussion that is sometimes confused with that word). In some cases you might demand to change the form of the word in the box.

residuum banking concern bankrupt deal beak borrow broke bankrupt cash check toll of living credit card credit debt debit deposit discount distribution of wealth dividends economical economize exorbitant expenditure extravagant frugal income income tax inflation inherit insolvent involvement in the black in the cherry invest investment invoice lend loan loss market place mortgage on credit overcharged overdraft overpriced pension priceless turn a profit receipt reduction refund salary save savings and loan association shares statement stocks tax / rent (etc) rebate undercharged unemployment / housing / kid (etc.) welfare wage wealthy welfare withdraw worthless

ane	Income is the money you lot receive (your wage or bacon is part of your income), and _____________refers to the money you spend.
two	If you lend money, yous let someone utilise your money for a certain period of time. If you _____________ money, you accept someone'due south money for a brusque time, and so yous pay it back.
3	A disbelieve is the percentage by which a total price is reduced in a store. A _____________ is money paid back to a customer when, for instance, they return something to a store.
4	If a person or company is insolvent , they have lost all their coin. If a person or company is _____________, they have lost all their money, have then borrowed a lot, and cannot pay it back.
5	A bank statement is a detailed written certificate from a bank showing how much money has gone into and come out of a banking concern account. A _____________ is the corporeality of coin yous have in your banking company account.
vi	If your bank business relationship is in the red , the corporeality of money you have spent is greater than the money you have made, and so you have less than $0 in your bank account. If your account is _____________, you have more than than $0 in your bank account.
seven	An invoice is a annotation, or bill, sent to you to ask for payment for goods or services, and a _____________ is a note (from a shop, for example) which shows how much you have paid for something.
8	When you make a profit , you proceeds money from selling something which is more than the money y'all paid for information technology. When you lot make a _____________, you lot have spent money which yous have not gotten back.
9	Something which is overpriced is also expensive. Something which is _____________ costs much more than than its true value.
10	If y'all save money, you go on it so that you can use it afterwards. If you _____________ money, you put it into property, stocks, etc., then that information technology volition increment in value.
11	A wage and a _____________ are both coin y'all receive for doing a job, merely the first is unremarkably paid daily or weekly and the second is unremarkably paid monthly.
12	A worthless object is something which has no value. A _____________ object is an extremely valuable object.
13	If you lot eolith coin in an account, you put coin into the account. If you _____________ coin, you have it out of your business relationship.
fourteen	If you lot accept been undercharged , you have paid less than you should have for goods or services. If y'all take been _____________, y'all have paid too much.
15	Extravagant describes someone who spends a lot of coin. _____________ describes someone who is careful with money.
xvi	A bill is a slice of paper showing the amount of money that you have to pay for goods or services. A _____________ is the aforementioned matter, simply shows what yous have to pay afterwards a repast in a restaurant.
17	When you credit an business relationship, y'all put money into it. When you _____________ an account, you take money out of it.
18	A banking concern is a business which holds money for its clients, and deals with money more often than not. A _____________ is similar, but is normally used by people who want to save money, or to borrow coin to buy a house.
19	A loan is money that y'all infringe from a depository financial institution to purchase something. A _____________ is like, merely in this instance the money is just used to buy belongings.
20	A loan is money that you borrow from a bank, where a formal arrangement has been made with the bank to borrow it. An _____________ is the corporeality of money that you take out of your bank account, which is more there is in your account. Information technology is usually done without making a formal organisation with your bank.

Exercise 2

Use your dictionary to check the meanings of the other words and expressions in the box. Note that many of them can have more i grammatical function without changing their grade (for example, balance can be a noun and a verb). Too note that some of the words can have more than i meaning (for case, a bill is a banknote, and it is also a piece of paper showing you how much y'all have to pay for a product or service).

Practice 3

Consummate this conversation with appropriate words and expressions from the box in Do ane. You may need to change the class of some of the words.

"Financial advice from a father to a son"

In the play "Hamlet" by William Shakespeare, a father gives his son some financial advice. "Neither a borrower nor a lender exist", he says. He is trying to tell his son that he should never (1) _____________ money from anyone because it will make it difficult for him to manage his finances. As well he should never give a (2) _____________ to a friend because he will probably never meet the coin once more, and will probably lose his friend as well.

The play was written over four hundred years ago, but today many parents would give similar advice to their children. Imagine the chat they would accept now.

Jim:	Right dad, I'm off to higher now.
Dad:	All right son, but let me give you some sound fiscal advice before you get.
Jim:	Oh come on dad…..
Dad:	Now mind, this is important. The starting time thing you should exercise is to make certain you balance your (iii) _____________ – the money yous receive from me and mom – and your (4) _____________ – the coin you spend. If you spend too much, you lot will end up with an (5) _____________ at the bank. Don't wait me to pay information technology for you.
Jim:	Just it's so difficult. Things are then expensive, and the (6) _____________ goes up all the time. (7) _____________ is running at about ten%.
Dad:	I know, just you should try to (eight) _____________. Avoid expensive stores and restaurants. Also, get out your money in a good local (9) _____________ account . They offer a much higher charge per unit of (10) _____________ than banks. Also, avoid buying things (eleven) _____________.
Jim:	Why?
Dad:	Because some stores accuse you an (12) _____________ amount of money to buy things over a period of time. It'south much better to (xiii) _____________ a little flake of money each week then that when you meet something y'all want, you lot can buy it outright. Attempt to expect for the sales, when stores offer huge (14) _____________ and you can pick up a (fifteen) _____________. And attempt to get a (sixteen) _____________.
Jim:	How do I do that?
Dad:	Easy. When you buy something, ask the store if they'll lower the toll by, say, 10%. Next, when you lot eventually get a job and are earning a skilful salary, effort to (17) _____________ the money in a good company. Buy (18) _____________ in government organizations or (nineteen) _____________ in private companies.
Jim:	OK dad, I've heard enough. Thanks for the communication. Information technology'southward been (20) _____________.
Dad:	Well, information technology's true what they say: in that location are some things that money but can't buy.

Exercise 4

Now attempt this essay. Utilize words and expressions from the vocabulary box in Exercise 1, and whatsoever other words or expressions that you recollect would be relevant.

Some people say that "Coin makes the world go round"; others say that "Money is the root ofall evil". Which of these do you agree with? Use examples and details in your answer.

ANSWER Central

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Source: https://englishexercisesources.blogspot.com/2019/04/money-and-finance-check-your-vocabulary.html

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