8

VOCABULARY

Business and money

1 Read the text and decide which option (A, B, C or D) best fits each space.

urs is a vanishing world, one in which the familiar is constantly

O 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 as we ( 2 ) ..........it will probably ( 3 ) ............to exist in technologically
advanced countries. ( 4 ) ..........Professor Gerry Montague of the Institute for
(5 ) Reform, the familiar coins and banknotes will soon be replaced
entirely by credit cards of various kinds. And the shop of the futurę will be
(6 ) directiy 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 w o n '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 mora instances of
credit card (8 ) ............ But I am afraid that I shall miss money. I have felt
( 9 ) ..........attached to it, ever sińce I received my first pocket ( 1 0 ) ............when
I was five, and kept it in a money-box. Even if my credit card of the futurę will
be able to tell me exactly how much spending ( 1 1 ) ..........I 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 ( 1 2 ) ..........pleasure I gained from rattling the coins in my
money-box.

1 A with B as C to D in
2 A have B see C know D believe
3 A cease B stop C fail D conclude
4 A W ith reference to B Further to C According to D Owing to
5 A Economical B Economics C Economic D Economy
6 A United B fixed C combined D linked
7 A far B long C tall D deep
8 A deceit B trickery C pretence D fraud
9 A heavily B strongly C widely D largely
10 A cash B coins C money D gold
11 A capacity B potential C capability D power
12 A sheer B complete C entire D downright

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ADVANCED LANGUAGE PRACTICE

2 Match each sentence (1 -9) with a sentence from (a-i) which has a similar
meaning.

1 We have to haggle............ a We have a high expenditure.

2 We have a nice little nest-egg. b We are very thrifty.
3 We spend a lot............ c We let people borrow from us.
4 We are in debt............ d We earn according to what we seli
5 We don t waste m oney........... e We argue about the price.
6 We are paid on com m ission... f We have a high income.
7 We want a rise............ g We need higher wages.
8 We lend m oney........... h We owe money.
9 We earn a lot............ i We have some savings.

C om plete th e te x t by w riting o n e w ord from each coium n to form a collocation

in each space.
C olum n A C olum n 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?

M r Lumley: Weil, I have a regular (1)... ......................
from which we pay all our ( 2 )............................................. such as gas
and water, and also a ( 3 ) ............................................. which

(4 ) at a rate of 4V2 %.
Adviser; I notice you have a regular monthly payment of £200 going out to JCS_
W hats that?
Mr Lumley: Oh yes, that’11 be the sofa. We made an initial
(5 ) of £400; then were paying the rest in
(6 ) of £200.
Adviser: Right, and do you have any other savings or investments?
Mr Lumley: I have some shares invested in the ( 7 ) ................................................... ..
but their value has gone down to just a few hundred pounds.
Adviser: And last time we spoke, you were talking about maybe starting a new
( 8 ) ............................................. with a colleague.
Mr Lumley: No, thats fallen through. We couldnt (9) ........................................ the
necessary............................................. to satisfy the bank manager.
Probably just as well. It will make filling in my
(1 0 )............................................. a lot easier.
Adviser: Yes, thafs certainly true. It all gets very complicated if youre
self-employed.

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 VOCABULARY 8 BUSINESS AND MONEY

4 Underline the tw o most suitable options in each sentence.

1 Harry has a good salary. He ęains/ ęets/m akes over £20,000 a year.
2 Mary was awarded a grant/scholarship/subsidy to study child psychology.
3 How much did you g ive/pay/take for your new car?
4 Their h o u sefetch ed/produ ced/soldfor a lot more than they expected.
5 Tm going to the bank to take out/rem ove/w ithdraw the money for the rent.
6 The manager disappeared with the receipts/takings/wages from the concert.
7 By the time Kate retired she was afortunate/prosperous/w ealthy businesswoman.
8 We had a good holiday but it was rather costly/expensive/valuable.
9 Unfortunately the old painting I found turned out to be priceless/valueless/
worthless.
10 We would appreciate it if you would close/settle/pay your bill as soon as possible.

5 Com plete the text by writing a word from the box in each space which
collocates w ith the words in bold.

credit market redundant valuc charge

fortunę investment booming retirement bankrupt

Have your shares just fallen in ( 1 ) ... ................ and you d ont know what to do? Or
have you come into a ( 2 ) ......................and don t know how to invest it? Weil, whether
youVe been made (3 ) ...................... or ąualified for early ( 4 ) ........................, whether
your business is ( 5 ) ...................... or youVe just been declared ( 6 ) .......................... we
are the bank for you, the caring bank. WeVe got the account for you and can advise
you accordingly. Take out a Premier Account with us and you will be making a wise
(7 ) We offer some of the most competitive loans and mortgages on the
(8 ) Provided you m aintain your account in ( 9 ) .......................... and at a
m inimum level of £1500, we will offer you financial advice completely free of
( 1 0 ) ...................... , whenever you reąuest it. C ant be bad, can it?

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ADVANCED LANGUAGE PRACTICE

6 Com plete each sentence w ith a word from the box.

financial company enterprise shares price

claim currency figures fund credit

1 Sally became quite wealthy by investing in stocks and ......

2 O ur company receives a lot of payments in foreign.....................
3 This government believes firmly in the value of fre e .....................
4 rd like to buy this property, but I find the asking................... too high.
5 Tom is near retirement and is putting a lot of money into his p en sio n ..........
6 After our house was damaged by fire, we put in an insurance.....................
7 Everyone was impressed by the sales................... for the new product.
8 Margaret found it hard to raise a loan as she had a p o o r .................... rating.
9 Susans business is being taken over by a m ultinational.....................
10 Before making an investment, consult an independent................... adviser.

7 Replace the words underlined with a more formal word from the box.

appreciate conccrning deducting delayed dispatching

enclosed endeavour inconvenience maintain trust

Dear Mrs Carter

Thank you for your letter of 24th June about (1) your order 3882. Please
accept our apologies for any trouble (2) .................... caused to you by the late dellye^łf
of this order. While we try (3 ).................... to ensure that deliveries take place within
the time slot stated on the invoice, orders are sometimes mada late (4 ).................... by
matters beyond our control. In this particular case, the courier service failed to follow
our instructions, and your delivery was returned to us in error.
We aiso apologize for not sending (5 ).................... your order correctiy. The missing
items have been sent by express delivery.
Our policy at ComputaDirect is to keep up (6) .................... a high standard of sen/ice,
As a goodwill gesture, we are taking off (7 )....................the cost of the missing iterns
from your invoice. Please find a cheque for this amount in the envelope in this letter
( 8 ) .......................
We would like (9 ).................... an acknowledgement of the new delivery, and of this
goodwill payment, using the freepost envelope.
We hope (1 0 ).................... that this matter has now been resolved to your satisfactkm.

Yours sincerely
Jo h iA , B-flrr
John Barr
Customer Sen/ices Manager

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