What Senator Has Taken The Most Money From Lobbyists

Watch your vocabulary for TOEFL

MONEY AND FINANCE

Complete sentences and paragraphs 1 – 20 with a word or expression from the box. In each case, the tidings / expression you need is connected in some manner with the word in overvaliant in the Sami doom / paragraph (for example, information technology might deliver a kindred significant, it might be an opposite, or it power be a word that is sometimes confused thereupon word). In extraordinary cases you power take to change the form of the word in the box.

Libra swear bankrupt deal bill take over broke bankrupt cash in on check cost of living charge card credit debt debit deposit disregard distribution of wealth dividends economical economize exorbitant expenditure extravagant frugal income income tax inflation inherit insolvent interest in the black in the red invest investment invoice lend loan loss grocery mortgage on credit overcharged overdraft expensive pension off priceless profit receipt reduction repay salary save savings and loan shares statement stocks tax / rent (etc) rebate undercharged unemployment / housing / child (etc.) welfare wage wealthy welfare take back worthless

1	Income is the money you receive (your wage or salary is part of your income), and _____________refers to the money you spend.
2	If you lend money, you let someone use your money for a confident menses of fourth dimension. If you _____________ money, you take someone's money for a short time, and then you remuneration it back.
3	A discount is the percentage by which a full price is reduced in a storehouse. A _____________ is money paid back to a client when, for example, they return something to a store.
4	If a person or company is insolvent , they have destroyed all their money. If a person or company is _____________, they throw lost all their money, accept then borrowed a lot, and cannot pay it game.
5	A bank statement is a detailed written document from a bank viewing how much money has gone into and come out of a bank account. A _____________ is the amount of money you have in your cant account.
6	If your swear describe is in the red , the amount of money you have spent is greater than the money you have made, so you have to a lesser degree $0 in your bank account. If your account is _____________, you feature Thomas More than $0 in your bank account statement.
7	An bill is a note, operating theater bill, dispatched to you to ask for payment for goods operating theatre services, and a _____________ is a note (from a store, for example) which shows how much you rich person paid for something.
8	When you make a profit , you gain money from merchandising something which is more the money you paid for it. When you make a _____________, you have spent money which you have not gotten back.
9	Something which is overpriced is too overpriced. Something which is _____________ costs much more than its straight value.
10	If you keep open money, you keep it and so that you can use information technology later. If you _____________ money, you set IT into material possession, stocks, etc., so that it will increase in value.
11	A wage and a _____________ are both money you receive for doing a job, just the number one is ordinarily paid daily or every week and the endorse is usually paid each month.
12	A worthless object is something which has no evaluate. A _____________ object is an passing semiprecious object.
13	If you deposit money in an account, you put money into the account. If you _____________ money, you take it out of your account.
14	If you have been undercharged , you have profitable less than you should have for goods Beaver State services. If you have been _____________, you have cashed too much.
15	Extravagant describes someone who spends very much of money. _____________ describes someone who is careful with money.
16	A charge is a firearm of paper display the amount of money that you have to yield for goods or services. A _____________ is the same thing, but shows what you have to pay after a meal in a eating place.
17	When you credit an account, you put money into it. When you _____________ an account, you take money out of it.
18	A bank is a business which holds money for its clients, and deals with money generally. A _____________ is similar, but is commonly utilised past people who want to save money, or to borrow money to buy a household.
19	A lend is money that you take over from a trust to buy something. A _____________ is similar, but in this case the money is but accustomed buy property.
20	A lend is money that you borrow from a swear, where a formal arrangement has been made with the bank to borrow information technology. An _____________ is the sum of money that you return out of your bank explanation, which is more than in that respect is in your account. It is usually done without making a formal arrangement with your bank.

Exercise 2

Use your lexicon to check the meanings of the other words and expressions in the box. Note that many of them can have more than cardinal grammatical occasion without changing their form (for example, symmetry can be a noun and a verb). Also take down that some of the dustup can own more than one meaningful (for example, a bill is a banknote, and information technology is also a sheet of paper showing you how much you have to invite a product or service).

Exercise 3

Complete this conversation with appropriate words and expressions from the box in Exercise 1. You May need to change the form of some of the wrangle.

"Financial advice from a father to a son"

In the child's play "Hamlet" by William Shakespeare, a father gives his Word some financial advice. "Neither a borrower nor a loaner be", he says. He is hard to tell his son that he should never (1) _____________ money from anyone because it will lay down it difficult for him to deal his finances. Alike he should ne'er give a (2) _____________ to a friend because he will probably never see the money again, and will probably turn a loss his ally as well.

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

Jim:	Right dad, I'm off to college now.
Dada:	All right son, merely let me pay you just about levelheaded financial advice ahead you go.
Jim:	Oh get on pappa…..
Dad:	Now take heed, this is important. The first thing you should DO is to pass wate sure you balance your (3) _____________ – the money you receive from Pine Tree State and mom – and your (4) _____________ – the money you spend. If you pass overmuch, you will end up with an (5) _____________ at the bank. Don't expect me to pay information technology for you.
Jim:	But it's so tricky. Things are so expensive, and the (6) _____________ goes awake altogether the clock time. (7) _____________ is running at about 10%.
Daddy:	I know, but you should taste to (8) _____________. Avert expensive stores and restaurants. Also, leave your money in a good local (9) _____________ business relationship . They offer a much higher rate of (10) _____________ than banks. Also, head off buying things (11) _____________.
Jim:	Wherefore?
Dad:	Because some stores charge you an (12) _____________ amount of money to buy things over a full stop of time. It's much better to (13) _____________ a footling morsel of money from each one week so that when you see something you want, you can buy in IT outright. Assay to wait for the gross sales, when stores fling huge (14) _____________ and you can clean up a (15) _____________. And try to get a (16) _____________.
Jim:	How do I do that?
Dad:	Easy. When you buy something, ask the store if they'll lower the Price by, say, 10%. Next, when you eventually get a subcontract and are earning a good wage, try to (17) _____________ the money in a good company. Buy (18) _____________ in authorities organizations Beaver State (19) _____________ in personal companies.
Jim:	OK dad, I've heard enough. Thanks for the advice. It's been (20) _____________.
Dad:	Well, it's true what they say: there are some things that money antimonopoly can't buy.

Exercise 4

Now try this essay. Use words and expressions from the vocabulary box up Exercise 1, and some former words Oregon expressions that you think would be relevant.

Some people say that "Money makes the world run along globose"; others say that "Money is the root ofall evil". Which of these do you agree with? Use examples and inside information in your answer.

ANSWER Of import