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Check your vocabulary for TOEFL

Money AND FINANCE

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

balance banking company bankrupt bargain beak borrow broke broke cash bank check price of living credit carte du jour credit debt debit eolith discount distribution of wealth dividends economical economize exorbitant expenditure extravagant frugal income income tax aggrandizement inherit insolvent involvement in the black in the blood-red invest investment invoice lend loan loss market mortgage on credit overcharged overdraft overpriced alimony priceless profit receipt reduction refund salary save savings and loan association shares statement stocks tax / rent (etc) rebate undercharged unemployment / housing / child (etc.) welfare wage wealthy welfare withdraw worthless

1	Income is the money you receive (your wage or bacon is function of your income), and _____________refers to the money you spend.
two	If you lend money, you allow someone use your coin for a certain period of time. If yous _____________ coin, y'all accept someone'south money for a brusk time, and so you pay it dorsum.
3	A disbelieve is the percentage by which a full price is reduced in a store. A _____________ is money paid back to a customer when, for case, they render something to a shop.
4	If a person or company is insolvent , they have lost all their money. If a person or company is _____________, they have lost all their money, have so borrowed a lot, and cannot pay it dorsum.
5	A bank statement is a detailed written document from a bank showing how much money has gone into and come out of a depository financial institution account. A _____________ is the amount of coin y'all take in your bank account.
6	If your banking company account is in the red , the corporeality of coin you have spent is greater than the money you have made, then yous have less than $0 in your depository financial institution account. If your account is _____________, y'all accept more than $0 in your banking company business relationship.
vii	An invoice is a note, or bill, sent to you lot to inquire for payment for appurtenances or services, and a _____________ is a note (from a store, for example) which shows how much you lot accept paid for something.
8	When you make a profit , you gain coin from selling something which is more than the money y'all paid for it. When yous make a _____________, y'all take spent money which y'all have non gotten back.
nine	Something which is overpriced is likewise expensive. Something which is _____________ costs much more its true value.
10	If you salve coin, you keep information technology and then that you tin can use it later. If you _____________ money, you put it into holding, stocks, etc., so that it will increase in value.
11	A wage and a _____________ are both coin you receive for doing a task, only the offset is usually paid daily or weekly and the second is usually paid monthly.
12	A worthless object is something which has no value. A _____________ object is an extremely valuable object.
13	If you lot deposit money in an account, you put coin into the account. If y'all _____________ money, you have it out of your account.
14	If you take been undercharged , you have paid less than you should have for goods or services. If yous have been _____________, you lot have paid too much.
15	Extravagant describes someone who spends a lot of money. _____________ describes someone who is conscientious with money.
sixteen	A bill is a slice of paper showing the corporeality of coin that y'all accept to pay for goods or services. A _____________ is the same thing, simply shows what you take to pay after a meal in a restaurant.
17	When you credit an account, yous put coin into it. When you _____________ an account, y'all take money out of it.
eighteen	A bank is a concern which holds money for its clients, and deals with money mostly. A _____________ is similar, but is unremarkably used past people who want to save coin, or to infringe money to buy a business firm.
nineteen	A loan is coin that you borrow from a bank to buy something. A _____________ is similar, but in this case the money is just used to buy property.
twenty	A loan is money that you borrow from a bank, where a formal system has been fabricated with the banking concern to borrow it. An _____________ is the amount of coin that you take out of your depository financial institution account, which is more than at that place is in your account. It is usually done without making a formal arrangement with your banking concern.

Do two

Apply your dictionary to check the meanings of the other words and expressions in the box. Note that many of them can have more than than one grammatical function without changing their form (for case, residual tin can be a noun and a verb). Also note that some of the words can have more i meaning (for case, a bill is a banknote, and it is besides a piece of paper showing you lot how much you have to pay for a product or service).

Do three

Complete this conversation with appropriate words and expressions from the box in Exercise one. You may need to modify the form 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 communication. "Neither a borrower nor a lender be", he says. He is trying to tell his son that he should never (one) _____________ money from anyone because it volition make it difficult for him to manage his finances. Also he should never give a (2) _____________ to a friend because he will probably never come across the money again, and volition probably lose his friend besides.

The play was written over 4 hundred years ago, but today many parents would give similar communication to their children. Imagine the conversation they would have now.

Jim:	Right dad, I'm off to college at present.
Dad:	All correct son, but permit me give you lot some sound financial communication before you get.
Jim:	Oh come on dad…..
Dad:	Now listen, this is important. The first affair you should do is to make sure yous balance your (3) _____________ – the money you lot receive from me and mom – and your (4) _____________ – the money you spend. If you lot spend as well much, yous will end up with an (5) _____________ at the bank. Don't await me to pay it for you.
Jim:	But it'due south and then hard. Things are so expensive, and the (half dozen) _____________ goes up all the time. (7) _____________ is running at about 10%.
Dad:	I know, but you should attempt to (8) _____________. Avert expensive stores and restaurants. Besides, exit your money in a practiced local (9) _____________ business relationship . They offering a much higher rate of (10) _____________ than banks. Also, avert buying things (eleven) _____________.
Jim:	Why?
Dad:	Because some stores charge you an (12) _____________ amount of coin to buy things over a menstruum of time. It's much ameliorate to (xiii) _____________ a little chip of money each week then that when you lot meet something you want, yous can buy it outright. Try to wait for the sales, when stores offer huge (14) _____________ and you tin can pick upwardly a (15) _____________. And endeavor to get a (16) _____________.
Jim:	How do I exercise that?
Dad:	Easy. When y'all buy something, enquire the store if they'll lower the price by, say, 10%. Adjacent, when you eventually get a job and are earning a good bacon, endeavour to (17) _____________ the coin in a good visitor. Buy (18) _____________ in government organizations or (19) _____________ in private companies.
Jim:	OK dad, I've heard enough. Thanks for the advice. It's been (20) _____________.
Dad:	Well, it's true what they say: at that place are some things that money only can't purchase.

Practice 4

Now endeavor this essay. Use words and expressions from the vocabulary box in Exercise i, and whatever other words or expressions that you remember would be relevant.

Some people say that "Coin makes the earth get round"; others say that "Money is the root ofall evil". Which of these practice yous concur with? Employ examples and details in your answer.

Respond Central

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

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