Exercise 8

Match each person from the list with a suitable description. Use each name once only.

accountant cashier heir manager pensioner agent customer investor miser swindler

a) Someone who likes to keep money and not spend it.....

b) Someone who inherits money or property.....

c) Someone who runs a bank.....

d) Someone who has retired.....

e) Someone who keeps or checks financial records.....

f) Someone who buys things in a shop.....

g) Someone who pays out money in a bank.....

h) Someone who represents others in business.....

i) Someone who puts money into a business.....

j) Someone who cheats people out of money.....

Exercise 9

Replace each word or phrase underlined with a word or phrase from the list which has the opposite meaning.

profit save well-off poverty squander take out cash wasteful

a) Janet says that she is very hard up at the moment. ……………

b) Last year their business made a huge loss. …………….

c) I’d like to pay in $ 100 please. ………….

d) Most people in the city live in great prosperity. …………

e) The manager insisted that I paid by cheque. …………..

f) Some people manage to spend most of their money. …………

g) Jim inherited $20 000 and managed to save it all. …………

h) We were poor when I was young and my father was very thrifty.

Exercise 10

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

account	bank	bank income	credited	creditor
debtor	deposit	depositors	funds	hide
interest	loan	paid	pocket	record
safekeeping	save	spend	withdraw

Banks

People..... money in banks for future use. A man may be..... each week for his work. He probably will not want to..... all his pay the day he receives it. It may be risky for him to carry all his unspent money in his....., or to..... it at home. So he may decide to put some of his money in a bank for...... The money he puts in the bank is called a...... This money is....., or added, to his...... An account is a..... of the money a depositor has in the bank. When the depositor wants to....., or take out, part of his deposit, the..... must be ready to pay him.

Banks use the money of..... for loans to those who need...... The bank that makes the loan is called a lender, or..... The bank charges the borrower, or...., interest for the use of the...... Charging..... for the use of money is the chief source of.......