Page 118 - English Vocabulary In Use upper intermediet and advance

Exercises

16.1 Answer the following money quiz.
1 What currencies are used in Japan, Australia, India and Russia?
2 What does the expression, 'hard currency', mean?
3 Name two credit cards which are usable world-wide.
4 Give two examples of imports that most countries impose customs duties on.
5 Give three examples of kinds of income that would be classed as unearned.
6 What is the Dow Jones index and what are its equivalents in London and Japan?
7 Give an example of something that is priceless and something that is valueless.
8 Name the coins and banknotes used in your country and one other country.

56.2 Match the words on the left with their definitions on the right.
1 interest a bank account with minus money in it
2 mortgage money paid towards the cost of raising a family
money given by the government for education, welfare, etc.
4 savings account an account that is used mainly for keeping money
5 current account money paid to people after a certain age
6 pension an account that cheques are drawn on for day-to-day use
7 disability allowance money chargeable on a loan
8 child benefit money paid to people with a handicap
9 grant a loan to purchase property

6 3 Is the ordinary 'person-in-the-street' pleased to see these newspaper headlines or not?
1
Mortgage rate goes up Pensfon age raised
DOESES \
NUMBER ON
Interest rates down

56.4 Complete the sentences with words from the opposite page.
1 Money which has to be paid on what you inherit is known as ................................
2 If the bank lends you money, you have a bank ..................................
3 If you have some money in your account you are in the ..................................
4 I paid too much tax last year so I should get a ................................. soon.
5 If it's no good, take it back to the shop and ask for a ..................................

565 Fill in the table below for your own, or any other, country.

Rate of inflation ..................................................
Exchange rate (against the US dollar) ...................... . ... ...............
...
Interest rate ..................................................
Basic level of income tax ..................................................
Rate of VAT ..................................................
Monthly state pension ..................................................

Follow-up: To improve your financial vocabulary, read articles on business in any English
magazine or newspaper. Write down any new words or expressions that you come across.

English Vocabulary in Use 113