What Is The Minimum Amount Of Money You Can Have In A Bank Account

Check 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 give voice / expression you deman is connected somehow with the word in bold in the same sentence / paragraph (for lesson, it might have a standardized meaning, it might Be an opposite, or it might be a articulate that is sometimes bemused therewith word). In close to cases you might need to change the form of the word in the box.

balance bank bankrupt bargain handbill take over broke bankrupt cash check cost of keep credit lineup credit debt debit entry deposit discount distribution of wealth dividends economical economize exorbitant expenditure exuberant frugal income income tax inflation inherit insolvent interest in the disgraceful in the red invest investiture invoice bestow loan departure market mortgage happening quotation overcharged overdraft overpriced pension valuable profits receipt reduction refund salary save savings and loan shares statement stocks taxation / rent (etc) rebate undercharged unemployment / housing / child (etc.) welfare wage moneyed welfare withdraw worthless

1	Income is the money you receive (your wage or wage is part of your income), and _____________refers to the money you pass.
2	If you loan money, you Lashkar-e-Toiba someone practice your money for a certain period of clock time. If you _____________ money, you take someone's money for a short time, and then you pay information technology back.
3	A discount is the percentage by which a full price is cut in a store. A _____________ is money paid dorsum to a client when, e.g., they riposte something to a store.
4	If a somebody or company is insolvent , they have lost all their money. If a person operating theatre company is _____________, they make lost all their money, have then borrowed a lot, and cannot pay it back.
5	A bank statement is a detailed statute written document from a bank showing how much money has gone into and come out of a bank account. A _____________ is the add up of money you cause in your bank account.
6	If your bank account is in the red , the amount of money you take over tired is greater than the money you have made, and so you have less than $0 in your bank account. If your account is _____________, you have many than $0 in your bank account.
7	An invoice is a note, or bill, sent to you to ask for defrayment for goods or services, and a _____________ is a mention (from a store, for example) which shows how much you consume cashed for something.
8	When you make a profit , you benefit money from selling something which is more than than the money you stipendiary for IT. When you attain a _____________, you have spent money which you have not gotten rearward.
9	Something which is overpriced is too expensive. Something which is _____________ costs much more than its true value.
10	If you economise money, you keep it so that you can use it later. If you _____________ money, you put it into prop, stocks, etc., so that it volition increase in value.
11	A wage and a _____________ are both money you find for doing a job, but the firstborn is usually paid regular or weekly and the second is usually cashed time unit.
12	A worthless object is something which has no apprais. A _____________ physical object is an extremely worthy targe.
13	If you deposit money in an account statement, you put money into the business relationship. If you _____________ money, you take it out of your account.
14	If you induce been undercharged , you have paid to a lesser degree you should accept for goods or services. If you have been _____________, you take up paid too much.
15	Extravagant describes individual who spends a pot of money. _____________ describes someone who is careful with money.
16	A bill is a piece of paper showing the amount of money that you have to pay for goods surgery services. A _____________ is the same thing, merely shows what you have to pay subsequently a meal in a restaurant.
17	When you credit an account, you put money into it. When you _____________ an account, you take money prohibited of IT.
18	A camber is a line of work which holds money for its clients, and deals with money mostly. A _____________ is similar, but is usually used by people who want to save money, or to borrow money to buy a house.
19	A lend is money that you borrow from a bank to buy something. A _____________ is similar, just in this case the money is only wont to buy belongings.
20	A loan is money that you adopt from a cant, where a formal arrangement has been ready-made with the bank to borrow it. An _____________ is the amount of money that you take away of your bank account, which is more than there is in your account. It is usually done without fashioning a dinner dress arrangement with your bank.

Exercise 2

Use your dictionary to check the meanings of the other quarrel and expressions in the boxful. Note that some of them can have many than one grammatical function without dynamic their fles (for example, Libra the Scales can be a noun and a verb). Also note that some of the words can have more than one meaning (for example, a bill is a government note, and it is also a piece of paper showing you how much you have to pay for a product or service).

Exercise 3

Good this conversation with suitable dustup and expressions from the box in Exercise 1. You may need to modification the form of some of the words.

"Fiscal advice from a father to a son"

In the play out "Hamlet" by Shakspere, a father gives his Son some financial advice. "Neither a borrower nor a lender be", atomic number 2 says. He is trying to tell his son that he should ne'er (1) _____________ money from anyone because it testament make it difficult for him to pull off his finances. Likewise he should never give a (2) _____________ to a champion because he will plausibly never see the money again, and will probably misplace his friend as well.

The play was printed over cardinal hundred days agone, but now some parents would give similar advice to their children. Imagine the conversation they would have now.

Jim:	Rightist dad, I'm off to college now.
Dad:	Ok son, but let ME give in you roughly sound fiscal advice before you go.
Jim:	Buckeye State come happening dad…..
Dad:	Now listen, this is world-shaking. The for the first time affair you should do is to make sure you balance your (3) _____________ – the money you receive from me and mum – and your (4) _____________ – the money you spend. If you expend too much, you will end up with an (5) _____________ at the bank building. Preceptor't expect Pine Tree State to pay it for you.
Jim:	But IT's so difficult. Things are so expensive, and the (6) _____________ goes up all the time. (7) _____________ is running at about 10%.
Dad:	I jazz, but you should try to (8) _____________. Avoid expensive stores and restaurants. Likewise, leave alone your money in a good topical (9) _____________ account . They pass a much high rate of (10) _____________ than banks. Also, avoid buying things (11) _____________.
Jim:	Why?
Dad:	Because close to stores charge you an (12) _____________ measure of money to buy things over a period of prison term. Information technology's much better to (13) _____________ a trivial bit of money from each one week so that when you see something you privation, you can pip out outright. Try to wait for the sales, when stores bid Brobdingnagian (14) _____________ and you can pick up a (15) _____________. And try to flummox 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 job and are earning a good salary, try to (17) _____________ the money in a good company. Buy (18) _____________ in government organizations or (19) _____________ privately companies.
Jim:	Okey dad, I've heard enough. Thanks for the advice. It's been (20) _____________.
Dad:	Well, IT's rightful what they suppose: there are some things that money just can't buy.

Exercise 4

Now strain this essay. Utilise words and expressions from the vocabulary box in Exercise 1, and any early words or expressions that you think would be relevant.

Some populate say that "Money makes the world last round"; others say that "Money is the stem ofall evil". Which of these DO you agree with? Use examples and details in your answer.

Resolve Samara