How Long Before You Travel Can You Buy Forex

Bank check your vocabulary for TOEFL

Coin AND FINANCE

Complete sentences and paragraphs one – 20 with a discussion or expression from the box. In each example, the word / expression y'all demand is connected in some way with the discussion in assuming in the same judgement / paragraph (for example, it might have a similar meaning, it might be an opposite, 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.

balance bank bankrupt deal bill infringe broke bankrupt cash cheque toll of living credit carte du jour credit debt debit eolith disbelieve distribution of wealth dividends economical economize exorbitant expenditure extravagant frugal income income tax inflation inherit insolvent involvement in the black in the red invest investment invoice lend loan loss market mortgage on credit overcharged overdraft overpriced pension priceless profit receipt reduction refund bacon salvage savings and loan clan shares statement stocks taxation / hire (etc) rebate undercharged unemployment / housing / child (etc.) welfare wage wealthy welfare withdraw worthless

i	Income is the coin you receive (your wage or salary is function of your income), and _____________refers to the coin you spend.
2	If you lend coin, you allow someone use your money for a certain period of time. If you _____________ money, you accept someone's money for a short time, and then you pay it back.
3	A discount is the pct by which a total price is reduced in a store. A _____________ is money paid back to a customer when, for case, they render something to a store.
4	If a person or visitor is insolvent , they have lost all their money. If a person or company is _____________, they have lost all their coin, have then borrowed a lot, and cannot pay it back.
5	A banking company statement is a detailed written document from a banking company showing how much money has gone into and come out of a depository financial institution business relationship. A _____________ is the amount of money you have in your bank business relationship.
6	If your bank business relationship is in the cherry-red , the amount of coin you have spent is greater than the money you take made, and so yous have less than $0 in your bank business relationship. If your business relationship is _____________, y'all have more than $0 in your bank account.
7	An invoice is a note, or beak, sent to you lot to ask for payment for goods or services, and a _____________ is a note (from a store, for case) which shows how much you have paid for something.
8	When y'all make a profit , you lot proceeds money from selling something which is more than than the coin you paid for information technology. When you brand a _____________, you have spent money which you have non gotten back.
ix	Something which is overpriced is too expensive. Something which is _____________ costs much more than than its true value.
x	If you lot save coin, you keep it so that you lot tin use information technology subsequently. If you _____________ coin, you put it into belongings, stocks, etc., then that it will increment in value.
eleven	A wage and a _____________ are both money you receive for doing a job, but the first is usually paid daily or weekly and the second is commonly paid monthly.
12	A worthless object is something which has no value. A _____________ object is an extremely valuable object.
thirteen	If y'all deposit money in an account, you put coin into the account. If you _____________ coin, you accept it out of your account.
14	If you take been undercharged , you have paid less than you lot should have for goods or services. If you take been _____________, you have paid too much.
15	Extravagant describes someone who spends a lot of money. _____________ describes someone who is careful with money.
16	A bill is a piece of paper showing the amount of money that yous have to pay for goods or services. A _____________ is the same thing, but shows what you lot accept to pay after a meal in a restaurant.
17	When y'all credit an account, y'all put money into it. When you lot _____________ an business relationship, y'all take money out of information technology.
18	A bank is a business which holds money for its clients, and deals with coin generally. A _____________ is similar, just is usually used by people who desire to save coin, or to infringe coin to buy a house.
nineteen	A loan is money that you borrow from a bank to buy something. A _____________ is similar, but in this case the coin is only used to buy property.
20	A loan is coin that you infringe from a banking company, where a formal organisation has been made with the bank to borrow it. An _____________ is the amount of money that you lot take out of your bank business relationship, which is more than in that location is in your business relationship. It is usually done without making a formal arrangement with your bank.

Do 2

Employ your dictionary to check the meanings of the other words and expressions in the box. Note that many of them can have more than 1 grammatical function without changing their form (for example, balance can be a noun and a verb). Besides notation that some of the words tin can have more than ane pregnant (for example, a bill is a banknote, and information technology is also a piece of paper showing you lot how much yous have to pay for a production or service).

Practice 3

Complete this conversation with appropriate words and expressions from the box in Exercise 1. You may demand to modify the class of some of the words.

"Financial advice from a father to a son"

In the play "Village" by William Shakespeare, a male parent gives his son some financial advice. "Neither a borrower nor a lender be", he says. He is trying to tell his son that he should never (i) _____________ money from anyone considering it will make information technology difficult for him to manage his finances. As well he should never give a (ii) _____________ to a friend because he will probably never see the money again, and will probably lose his friend likewise.

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

Jim:	Right dad, I'grand off to college now.
Dad:	All right son, but let me give y'all some sound financial communication earlier you become.
Jim:	Oh come on dad…..
Dad:	Now listen, this is important. The first thing you should practise is to make certain you balance your (3) _____________ – the money you receive from me and mom – and your (iv) _____________ – the coin you spend. If you spend too much, you volition end up with an (5) _____________ at the banking company. Don't look me to pay it for you.
Jim:	But it's so difficult. Things are and then expensive, and the (6) _____________ goes upwards all the time. (seven) _____________ is running at about 10%.
Dad:	I know, but you should try to (8) _____________. Avert expensive stores and restaurants. As well, leave your money in a expert local (9) _____________ account . They offer a much higher rate of (x) _____________ than banks. As well, avoid ownership things (11) _____________.
Jim:	Why?
Dad:	Because some stores charge you an (12) _____________ amount of coin to buy things over a period of time. It's much better to (xiii) _____________ a footling fleck of money each week so that when yous see something y'all want, you tin can purchase information technology outright. Endeavour to wait for the sales, when stores offer huge (14) _____________ and you can choice up a (fifteen) _____________. And try to get a (sixteen) _____________.
Jim:	How exercise I do that?
Dad:	Easy. When you buy something, ask the store if they'll lower the price past, say, 10%. Adjacent, when yous eventually get a job and are earning a adept salary, try to (17) _____________ the money in a expert company. Buy (18) _____________ in government organizations or (nineteen) _____________ in private companies.
Jim:	OK dad, I've heard enough. Thanks for the advice. Information technology's been (twenty) _____________.
Dad:	Well, it'south truthful what they say: there are some things that coin just can't purchase.

Exercise 4

Now try this essay. Utilize words and expressions from the vocabulary box in Exercise 1, and any other words or expressions that you think would be relevant.

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

Respond KEY

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

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