Page 88 - English Vocabualry In Use 3 (Upper Intermediate)

Exercises

40.1 Match the words on the left with the definitions on the right.

1 interest e a anaccountformoneyyoudon’tneedimmediately
2 mortgage b paymenttakenautomaticallyfromanaccount
3 overdraft c anaccountforday-to-dayuse
4 savingsaccount d aloantobuyahouseorflat
5 currentaccount e moneythatischargedonaloan
6 directdebit f anaccountwithanegativesumofmoneyinit

40.2 Use words from A opposite to complete the sentences.

1 Nicooweshisbrother5,000eurosandheborrowed10,000eurostobuyacar.Nicohas
d ebts totalling15,000euros.

2 Mishaspent6,000eurosonhercreditcard;thebanksaidshe’dspent1,000eurostoomuch.
Herc l was5,000euros.
3 Newbankoffersinterestratesonloansthataresimilartotheratesotherbanksofferandare
sometimes better. Newbank’s rates are c
4 Beforesheboughthernewcar,Alicepaid£500tothedealer.Shepaidad
of£500.
5 Ifacustomerneedsmoremoneythanisintheiraccount,theycangetpermissiontogoonusing
theaccount.Thebankoffersano f
6 Harrysoldhiscar,gotapart-timejobandofferedtocleanpeople’swindows.Hewastryingto
r moneytof histriptoAfrica.
7 Youonlyneedonecreditcard.Youcanc allthesumsyouoweintoone
p
8 Ifyouwanttobuyahouse,thebankoffersloanswhereyoucanpaythemoneybackover
30years.Thebankoffersm withr over30years.

40.3 What do we call ...

1 thetaxyoupayonimportedgoods?customs/exciseduty
2 ashopatanairportwhereyoudon’tpaytax?
3 ataxwhichisaddedtomostgoodsandservices?
4 ataxonmoneypaidifsomeonedies?
5 thetaxthatcompaniespayontheirprofits?
6 thetaxthatthegovernmenttakesoutofyoursalary?

40.4 Answer the questions. Give reasons for your answers.

1 Ifyouwereoverdrawn,wouldyoubeinagoodsituationorabadone?

A bad situation - you would have a negative amount of money in your bank account.
2 Whymightapersonopenasavingsaccountaswellasacurrentaccount?
3 Joel’saccountisinthered.Whyishisbankmanagerunhappy?
4 Whymightsomeonetransfermoneyfromasavingsaccounttoacurrent
account?
5 Whyisonlinebankingeasierthanvisitingyourbranch?
6 Whyarecashmachinessoconvenient?Arethereanyrisksinusingthem?
7 Zara’saccountisincredit.Issheprobablyhappyorunhappy?
8 Bobdoesn’thaveasteadyincomeandhisoutgoingsareveryhigh.Doyouthinkhefeelssecure
orinsecure?
9 Ifyourbankdebitedyouraccountfor500euros,wouldyoufeelyouhadmoreorlessmoneyas
aresult?
10 Ifyouhaveagoodcreditrating,whatwillyoufinditeasiertodo?

English Vocabulary in Use Upper-intermediate 87