Exercise 6

Complete the sentences with the suitable words.

1. Money which has to be paid on what you inherit is known as ……………………

2. If the bank lends you money, you have a bank …………………………………...

3. If you have some money in your account you are in the …………………………

4. I paid too much tax last year so I should get a …………………………… soon.

5. If it's no good, take it back to the shop and ask for a ………………………….

6. A fixed amount which is paid, usually monthly, to workers of higher rank is known as a ………………………………………………………

7. A sum of money which is owed to someone is a …………………………………

8. Money which in the form of coins and notes, not cheques is ……………………

9. Money paid as a punishment for breaking the law is a……………………………

10. An amount of money you receive, usually weekly, in return for labour or service is known as …………………………………

11. Money paid while travelling, especially on public transport, buses, trains, etc. is a ………………………

12. A tax on imported articles paid to the Customs is ……………………………….

13. Money paid by a divorced father to his former wife for the upkeep of his children is …………………….

14. Money paid at a restaurant after eating is a ……….………………………

15. Money paid to the government for services that the state provides is called ……

16. Extra percentage paid on the loan is ………………………………………….

17. Money paid for professional services, e.g. to a doctor is called a ……………….

18. Money returned to you after you pay too much is …………….

19. Money paid for a place to live is …………

Exercise 7

Put each of the following words or phrases into its place in the text below.

banks beads buy coins change

currency depositing earn exchange rate

goods investments money paper bills

savings accounts sell shells value

Money

Money is what people use to……….. things. People spend money on ……… and services. Many people save part of their money by………… it in a bank. People ………. money by performing services. They also earn money from ………, including government bonds, and from ……….

………… can be anything people agree to accept in exchange for the things they ……… or the work they do. Ancient peoples used such varied things as………, ……….., and cattle as money. Today, most nations use metal coins and ……….. Different countries’ ……….. and bills look different and have different names.

A person can ……. his money for the money of any country according to the …………. Usually, such rates are set by the central…….. of a country. The ……. of a country’s ………. may change, depending on the economic and political conditions in that country.