8 VOCABULARY Business and money 1. Read the text and decide which option (A, B, C or D) best fits each space. rs isa vanishing world, one in which the familiar is constantly ‘disappearing and technological change is often difficult to cope with. So it should come (1) ...}... no surprise to most of us to hear that yet another part of everyday life is about to go for ever. Apparently, within the next decade, money a5 We (2) sn it will probably (3) advanced countries. (4)... Professor Gerry Montague of the Institute for () sue Reform, the familiar coins and banknotes will soon be replaced ‘entirely by credit cards of various kinds. And the shop of the future will be ©) sense ditedtly to the network of banking computers. The assistant will simply key in your bank account code number and the amount you have spent, and thank you politely. You won't have to dig (7) .... in your pockets for change. You may not even have a number for your account as such, as the computer may by then be able to read your handprint. So no more instances of credit card (8) nu. . But | am afraid that I shall miss money. I have felt (9) snus attached to it, ever since | received my first pocket (10)... when | was five, and kept it in a money-box. Even if my credit card of the future will be able to tell me exactly how much spending (11) .... have left, even if it lights up and plays a happy (or sad) tune at the same time, nothing will be able to replace the (12) .. pleasure | gained from rattling the coins in my money-box. to exist in technologically 1 Awith Bas Cto Din 2 Ahave Bsee Cknow Dbelieve 3 Acease Bstop C&ail Deonclude 4 AWith reference to B Farther to CAccordingto Owing to 5 AEconomical B Economics C Economic D Economy 6 Aunited Bfixed Ceombined Diinked 7 Afar Blong Ctall D deep 8 Adecelt Btrickery C pretence Défraud 9 Aheavily B strongly Cwidely Dilargely 10 Acash Beoins Cmoney Dgold LL Acapacity B potential Capability D power 12 Asher Bcomplete Centire D downright 25,ADVANCED LANGUAGE PRACTICE a6 2 Match each sentence (1-9) with a sentence from (a-i) which has a similar meaning. 1 Weave to haggle....£. a Wehave ahigh expenditure 2. We havea nice little nest-egg... b Weare very thrifty. 3. Wespend allt... ‘© Welet people borrow from us 4. We are in debt We earn according to what we sell. 5 We dont waste money. © We argue about the price. 6 Weare paid on commission. £ Wehave ahigh income. 7 We want arise... 8 Weneed higher wages. 8 Welend money. hh We owe money. 9 Weearn alot. i Wehave some savings. 3 Complete the text by writing one word from each column to form a collocation in each space. Column A. Column B stock, tax raise, monthly, capital, venture, account, savings, down, household, market, instalments, account, current, earns, business return, interest, bills, payment Adviser: . and what about your bank details? Mr Lumley: Well Ihave a regular (1) ...2ierret Aeanent, from which we pay all our (2) such as gas and water, and also a (3) which Bon s vata rate of 4% %, Adviser: Tnotice you have a regular monthly payment of £200 going out to JCS. ‘What's that? ‘Mr Lumley: Oh yes, that be the sofa, We made an initial ©) of £400; then were paying the rest in © sneer OF £200, Adviser: Right, and do you have any other savings or investments? ‘MrLumley: Ihave some shares invested in the (7) ; but their value has gone down to just afew hundred pounds. Adviser: And last time we spoke, you were talking about maybe starting a new ®. with a colleague, Mr Lumley: No, tha’ fallen through. We couldnt (9) .emnnennnnnnn the necessary to satisfy the bank manager. Probably just as well. wil make filing in my ) snes Ot easier Adviser: Yes, thats certainly true. It all gets very complicated if you're self-employed.VOCABULARY 8 BUSINESS AND MONEY 4 Underline the two most suitable options in each sentence. Harry has a good salary. He gains/gets/makes over £20,000 a year. Mary was awarded a grant/scholarship/subsidy to study child psychology. How much did you give/pay/take for your new car? ‘Their house fetched/produced/sold for a lot more than they expected, Tm going to the bank to take out/remove/withdraw the money for the rent. ‘The manager disappeared with the receipts/takings/wages from the concert. By the time Kate retired she was a fortunate/prosperous/wealthy businesswoman. ‘We had a good holiday bat it was rather costly/expensive/valuable. Unfortunately the old painting I found turned out to be priceless/valueless/ worthless 10. We would appreciate it if you would close/setle/pay your bill as soon as possible. weraunune 5 Complete the text by writing a word from the box in each space which collocates with the words in bold. credit ‘market redundant value fortune wvestment boor retirement bankrupt Have your shares just fallen in (1) ...YAW4E..... and you don't know what to do? Or hhave you come into a (2) sumunnsnsnw and don't know how to invest it? Well, whether you've been made (3) f qualified for early (4) serum whether your business is (5) ‘or you've just been declared (6) We are the bank for you, the caring bank, We've got the account for you and can advise ‘you accordingly. Take-out a Premier Account with us and you will be making a wise a .w» We offer some of the most competitive loans and mortgages on the Provided you maintain your account in (9) wamanamney nd at ‘minimum level of £1500, we will offer you financial advice completely free of (10) wmsnsonene » Whenever you request it. Cant be bad, can it? auADVANCED LANGUAGE PRACTICE 28 6 Complete each sentence with a word from the box. financial ‘company enterprise shares price aim currency figures fund credit 1. Sally became quite wealthy by investing in stocks and ..£48°#6.. 2 Our company receives a ot of payments in foreign 3. This government believes firmly in the value of free 4 Ti like to buy this property, but I find the asking. too high. 5 Tomis near retirement and is putting alt of money into his pension . 6 7 8 9 After our house was damaged by fire, we put in an instance nam Everyone was impressed by the sales for the new product, ‘Margaret found it hard to raise a loan as she had a poor Susan's business is being taken over by @ multinational 10. Before making an investment, consult an independent nen adviser. -rating. 7 Replace the words underlined with a more formal word from the box. appreciate concerning = deducting delayed dispatching enclosed endeavour inconvenience maintain trust Dear Mrs Carter, Thank you for your letter of 24th June about (1) .2euseenii.. your order 3882. Please accept our apologies for any trouble (2) ...unmunun Caused to you by the late delivery of this order. While we try @) to ensure that deliveries take place within the time slot stated on the invoice, orders are sometimes made late (4) ...1nnne By matters beyond our control. In this particular case, the courier service failed to follow ‘our instructions, and your delivery was retumed to us in error. We also apologize for not sending (5). vn» yout order correctly. The missing items have been sent by express delivery Our policy at ComputaDirect isto keep up (6) a hgh standard of service. ‘As a goodwill gesture, we are taking off (7) . the cost of the missing items from your invoice. Please find a cheque for this amount in the envelope in this letter 8) oe zi We would like secon an acknowledgement of the new defivery, and ofthis ‘goodwill payment, using the freepost envelope We Hope (10) vnnnnonn that this matter has now been resolved to your satisfaction. Yours sincerely John Barr John Barr Customer Services Manager eer nett a er Re Oc TR