Optativa Idioma 1 Vocabulary Worksheet 3

Definitions
1. coin: a piece of money made of metal
2. bill: a piece of paper that shows how much money you have to pay for something
3. cheque: a document you can issue to your bank, directing it to pay the specified sum
mentioned in digits as well as words to the person whose name is borne on the
cheque
4. wallet: a folding pocketbook with compartments for personal papers and usually
unfolded paper money
5. debit card: a card like a credit card by which money may be withdrawn or the cost of
purchases paid directly from the holder's bank account without the payment of
interest
6. credit card: a card authorizing purchases on credit
7. bank: an establishment for the custody, loan, exchange, or issue of money, for the
extension of credit, and for facilitating the transmission of funds
8. piggybank: a container for saving money in, especially one shaped like a pig, with a
slit in the top through which coins are dropped
9. ATM: a machine where you can get money
10. budget: the amount of money that is available for, required for, or assigned to a
particular purpose
11. savings: the act or an instance of economizing
12. retirement: withdrawal from one's position or occupation or from active working life
13. investment: the outlay of money usually for income or profit
14. bankruptcy: utter failure or impoverishment
15. bank teller: a person whose job is to pay out and take in money in a bank
16. mortgage: money that a bank lends you to buy a house
17. inheritance: the acquisition of a possession, condition, or trait from past generations
18. loan: money that somebody (or a bank) lends you
19. tax: money that you pay to the government
20. salary: the money you get for the work you do
21. Wants: desires for goods and services
22. Resources: factors used to produce goods and services
23. The economic problem: unlimited wants exceeding finite resources
24. Scarcity: a situation where there is not enough to satisfy everyone’s wants.
25. Economic good: a product which requires resources to produce it and therefore has
an opportunity cost
26. Free good: a product which does not require any resources to make it and so does
not have an opportunity cost
27. Factors of production: the economic resources of land, labor, capital and enterprise

Optativa Idioma I -Business English Prof. Ma. Alejandra Pereira

 28. Land: gifts of nature available for production
29. Labor: human effort used in producing goods and services
30. Capital/capital goods: humanmade goods used in production
31. Consumer goods: goods and services purchased by households for their own
satisfaction
32. Enterprise: risk bearing and key decision making in business
33. Occupationally mobile: capable of changing use
34. Geographically immobile: incapable of moving from one location to another
location.
35. Mobility of labor: the ability of labor to change where it works or in which
occupation

Idioms

1.come into some money - be given some money, usually after a relative has died.
2.dip into your savings - spend some money that you had put aside to use later.
3.to be in debt - owe money to somebody.
4.look like a million dollars - look extremely attractive or prosperous.
5.chicken feed - small amount of money.
6.from rags to riches - refers to a person who was poor and became rich.
7.bread and butter - a basic means of support; source of livelihood.
8.burn a hole in one's pocket - a person is eager to spend money, normally in a wasteful
manner.
9.buy something for a song - to buy something for little money, especially for less the
money something is worth.

Optativa Idioma I -Business English Prof. Ma. Alejandra Pereira