| Place your mouse over them to see what they are (singular and plural form). | ||
Other exercises are at the bottom of this page. |
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MONEY VOCABULARY
CURRENCES |
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![]() $ |
![]() Euro |
![]() Pound |
![]() Yen |
WAYS OF PAYING |
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![]() Bank |
![]() Cash box |
![]() Cash machine ATM |
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![]() Cheque book |
![]() Coin |
![]() Note Banknote |
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![]() Piggy bank |
![]() Poor |
![]() Purse |
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![]() Rich |
![]() Safe |
![]() Wallet |
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| MAIL & THE POST OFFICE | |||
![]() Post office |
![]() Letter |
![]() Parcel |
![]() Letter Box |
![]() Telegram |
![]() Stamp |
![]() Envelope |
![]() Money order |
![]() By air mail |
![]() Postman |
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When you put money in a bank you are called a depositor and your money is called a deposit. When you withdraw or take money out of the bank, the bank must be prepared to pay you. The bank keeps a record of the amount of money that you put into or take out of it. This record is called an account. There are different types of accounts, but the two that are most used are savings accounts and checking accounts. |
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| a cheque (book) a cashpoint machine to withdraw a current account |
economical a deposit account interest a bank statement |
to be overdrawn an exchange rate the economy |
| cash a coin a £10 note change a mortgage to earn |
a wage a salary overtime commission a tip to gamble |
a casino a charity to afford well-off hard-up |
| to be in debt to owe to lend to borrow the stock market to invest |
shares profit loss tax inflation insurance |
a fine a pension a sale a bargain to inherit an heir |
Common Verbs |
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| Notice how these common verbs are used. | |||
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| spend £££ (on) something = Last week I spend £ 100 on food, and £ 20 on books. | |||
| pay (for)
something = I paid £ 200 for my
new desk (it cost me £ 200) |
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| cost = My new desk cost (me) £ 200 (I paid £ 200) | |||
| change = The mechanic charged me £ 100 (asked me to pay £ 100 for the service he provided) | |||
| lend = Could you lend me some money? or | |||
| borrow = Could I borrow some money? | |||
| waste = Parents often think that children waste their money (use it badly) | |||
| save (up) = I am saving (up) (keeping some of my money when I receive it) for a new bike. I should have enough by the end of the year. | |||
| - I can't afford (I do
not have enough money) to go on holiday this year. - How much is that watch worth? - It is worth about £ 50 (the value is £ 50) - The cost of living (how much people pay for things) is very high in places like Sweden orNorway, but people still have a good standard of living (the level of money and comfort people have) |
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| How do you want to pay? Cash / By cheque / By credit card |
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ADJECTIVES |
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account - a record of money a person deposits into a bank
alloy - a metal formed by fusing two or more metals
ATM (automated teller machine) - a computer furnished by a bank for its customers. This computer takes the place of a bank teller so that customers may deposit and withdraw money with out having to enter the bank. They may also use it when the bank is closed. ATM's are usually found mounted on the wall or in a small building outside the bank
bartering - to trade without using money
Bureau of Engraving and Printing - the United States facility that makes paper money
checking - an account on which the depositor may draw checks.
circulate - to move or pass from person to person or from place to place
commemorative - a coin or bill made in memory of historical events
Continental Congress - a governing body of people that consisted of delegates from the first U.S. colonies. They first met in Philadelphia on September 5, 1774. There were 56 delegates from 12 colonies in attendance. They met out of a desire to unify the colonies. The First Continental Congress existed from 1774 - 1775. The Second Continental Congress existed from 1775 - 1781.
continentals - a type of paper money
counterfeit - to make a copy of in order to deceive
currency - money that is used by a country such as the United States.
denomination - a number that expresses the value of a coin or bill. A one dollar bill and a five dollar bill represent two denominations
deposit - placing money in a bank or other place for safekeeping.
depositor - a person who deposits money.
dollar - the standard unit of money in the United States that is equal to one hundred cents.
doubloons - a former Spanish coin.
engrave - to cut or carve.
Federal Reserve Bank - the central banking organization of the United States.
Federal Reserves Notes - a type of paper money created after the Federal Reserve Act of 1913. These are the same bills we use today
greenbacks - U.S. paper money issued in 1861 to finance the Civil War. The back of the bills were green, so people called them "greenbacks."
foreign - from another country other than the U.S.
income - payment in money for services or work, or from property or investments.
interest - money paid for the use of borrowing money, or money that the bank pays a customer for putting money into their bank
issue - the act of sending or giving out.
lend - to give the temporary use of money on the condition of repayment and at a set rate of interest.
minting - the act of making money out of metal.
money - coins and paper currency issued by a government for payment of debts and for purchase of goods and services.
mutilated - to cut up, destroy, or alter radically.
numismatist - a person who collects and studies coins and paper money or medals.
pence - a British term meaning more than one penny.
peso - the unit of money in Mexico.
piastres - a former Spanish silver coin.
pieces of eight - obsolete (out of date) Spanish silver coin.
pygg - type of dense orange clay.
shillings - a former coin of the United Kingdom.
savings account - an account at a bank on which interest is usually paid and from which withdrawals can be made.
transaction - to carry through or bring about.
treason - the betrayal of one's country.
U.S. Dept. of Treasury - the department that has charge of the income and expenses of a country.
U.S. Government promissory - a written promise to pay a stated sum of money to a certain person at a certain time.
U.S. Government Securities - a stock or bond certificate.
U.S. Mint - a place where money is coined by public authority
U.S. Secret Service - a division of the U.S. Treasury Department that protects the president and enforces federal laws against counterfeiting U.S. currency and bonds.
wampum - beads of shells strung in strands and used by American Indians as money.
withdraw - to take out
GAMES AND EXERCISES
Jumble
- Money 1
Match
the opposite
Shop Assistant - Good morning. Can I help you ?
Betty - Yes, please. I would like a suntan-cream.
Shop Assistant - We have got different sun preparations. Here
is our catalogue. Have a look !
Betty - (after a quick look at the catalogue) I think the PABA
Sunscreen is the right cream for me, how much does it cost?
Shop Assistant - Excuse me, but .... Where are you going on
holiday?
Betty - To Italian beaches. The sun is hot there ...
Shop Assistant - I am sorry but ... your skin is so pale ....
I think the Maximum Protection Sunscreen is the right product for
you.
Betty - Umh .... you are right. How much is it?
Shop Assistant - The small one costs £ 3, the
average £ 4 and the big one £ 6.
Betty - Give me the small one, please.
Shop Assistant - Here you sre. It is £ 3.
Betty - Here is the money. Good bye.
Shop Assistant - Good bye and have a nice holiday!
| RIGHT | WRONG | |
| 1. Betty wants to see the catalogue |
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| 2. They have only a few tubes of suntan-cream |
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| 3. Betty goes to the seaside for her holiday |
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| 4. Betty prefers to protect her skin for the sun |
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| 5. Betty does not want much suntan-cream |
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