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Showing posts with the label Financial vocabulary

Money Vocabulary Quiz

All the words in this vocabulary quiz are in Money Vocabulary  topic. There are 7 questions in this quiz. Choose the best answer. 1. an extra amount of money that is paid as a reward A) commission B) bonus C) deposit 2. to put money into something to earn money A) invest B) donate C) profit 3. a small amount of extra money given to a waiter, driver, etc. A) wage B) pension C) tip 4. an amount of money paid by the government to people who are poor or without work A) social security B) tip C) transaction 5. an amount of money paid for working after the usual time A) overtime B) fee C) debt 6. a written order that is used to make payments from a cardholder's bank account A) credit card B) debit card C) cheque 7. an amount of money paid by an employer, usually every week A) tip B) wage C) overtime

Idioms about money

Here is the list of idioms about money Earn a fortune to earn a lot of money He made a fortune on the stock market. Tighten your belt to reduce the amount of money that you normally spend We’ve had to tighten our belts since my mother lost her job. On/below the breadline having very little money or a very low income to live properly They are living on the breadline. Get your fingers burnt to suffer loss as the result of doing something risky He got his fingers burnt in foreign markets. Burn a hole in your pocket If money is burning a hole in your pocket, you want to spend it as soon as you possibly can Chicken feed an amount of money that is so small to be significant It’s a nice job but the pay is chicken feed . Cost an arm and a leg to be extremely expensive The fur coat cost her an arm and a leg . Have deep pockets to have a lot of money a company that has deep pockets Feel the pinch to have financial probl...

Banking vocabulary

Types of banks Retail bank:  a bank that provides banking services to individual customers, rather than to companies.Bank is an organization where you can invest or borrow money, or operate financial activities. There are different types of banks. They can include: Commercial bank:  a bank that accepts deposits in order to lend or invest. Investment bank:  a bank that raises capital for individuals, companies, and governments by underwriting. Central bank (also reserve bank): main bank of a country that controls currency, money supply, credit system, and carries out the government’s financial policy. Banking products and services Account: an arrangement with a bank to keep your money there Loan : an amount of money that are lent for a fixed period (e.g. three years) Mortgage: a loan to buy real estate Credit Card : a plastic card that is used to buy things and

Money vocabulary

Coins  or  banknotes (also notes) that are used to buy goods and services are called  money . A coin is a small, round piece of metal used as money. A banknote is a piece of paper money. The system of money used in a country is called  currency . For example, the ruble is the currency unit of Russia. Money in the form of notes (banknotes) and coins is  cash . Money Vocabulary Quiz Here is the list of words that you can use when talking about money. Bonus (n) an extra amount of money that is paid as a reward a Christmas bonus Cheque (n)  a written order that is used to make payments from a cardholder’s bank account to make a cheque out to someone Commission (n) an amount of money paid to salespeople for selling goods to work on commission Credit card (n) a plastic card that is used to buy things and pay for them later. A plastic card provided by a store or a shop is called a charge card ...