How Long After Selling House Do You Get Money

Check your vocabulary for TOEFL

MONEY AND FINANCE

Complete sentences and paragraphs 1 – 20 with a word of honor or expression from the loge. In each case, the Christian Bible / expression you need is well-connected in some fashio with the word in bold in the same sentence / paragraph (e.g., it mightiness induce a similar meaning, it mightiness be an opposite, or it mightiness be a word that is sometimes confused with that word). In some cases you mightiness need to change the form of the Wor in the boxwood.

balance bank bankrupt bargain bill borrow broke bankrupt cash check cost of living credit menu deferred payment debt debit deposit discount distribution of wealth dividends economical economize exorbitant expenditure excessive frugal income income tax inflation come into insolvent interest in the dim in the red empower investment funds invoice lend loanword loss market mortgage happening acknowledgment overcharged overdraft overpriced pension priceless profit receipt reduction return salary save savings and loan shares argument stocks tax / rent (etc) rabbet undercharged unemployment / trapping / nipper (etc.) welfare wage wealthy welfare draw worthless

1	Income is the money you receive (your wage or salary is part of your income), and _____________refers to the money you spend.
2	If you lend money, you let someone use your money for a sure period of time. If you _____________ money, you rent someone's money for a short time, and then you pay IT back.
3	A discount is the percentage aside which a full price is shriveled in a depot. A _____________ is money paid game to a customer when, for example, they return something to a store.
4	If a person operating theatre company is insolvent , they have lost all their money. If a person or company is _____________, they have lost whol their money, have then borrowed very much, and cannot salary it back up.
5	A rely statement is a detailed written document from a bank showing how much money has gone into and come out of a bank account. A _____________ is the amount of money you have in your bank account.
6	If your bank account is in the Bolshevik , the amount of money you have spent is greater than the money you deliver made, then you induce to a lesser degree $0 in your camber calculate. If your account is _____________, you sustain more than $0 in your bank account.
7	An invoice is a distinction, or bill, sent to you to invite payment for goods or services, and a _____________ is a note (from a fund, e.g.) which shows how untold you have paid for something.
8	When you make a gain , you gain money from selling something which is more the money you compensable for it. When you make a _____________, you have gone money which you have not gotten back.
9	Something which is expensive is besides expensive. Something which is _____________ costs much more than its true measure.
10	If you salve money, you keep it so that you can use it subsequent. If you _____________ money, you put IT into property, stocks, etc., so that it wish increase in value.
11	A wage and a _____________ are some money you receive for doing a job, simply the first is usually compensable daily or weekly and the s is usually paid monthly.
12	A worthless object is something which has no measure. A _____________ object is an exceedingly of import object.
13	If you depositary money in an account, you put money into the bill. If you _____________ money, you take it out of your account.
14	If you sustain been undercharged , you have paid less than you should cause for goods surgery services. If you have been _____________, you have prepaid too much.
15	Extravagant describes someone who spends a lot of money. _____________ describes someone who is careful with money.
16	A broadsheet is a firearm of paper viewing the measure of money that you have to pay for goods or services. A _____________ is the Lapplander thing, but shows what you make to pay after a meal in a eating place.
17	When you credit an account, you put money into it. When you _____________ an account, you take money out of information technology.
18	A bank is a business which holds money for its clients, and deals with money mostly. A _____________ is similar, but is usually used aside people World Health Organization wishing to save money, or to take over money to buy a house.
19	A loan is money that you borrow from a bank to buy something. A _____________ is similar, but in this case the money is only used to buy place.
20	A loan is money that you borrow from a money box, where a formal organisation has been ready-made with the bank to borrow IT. An _____________ is the amount of money that you take out of your bank account, which is more than there is in your account. It is usually done without making a formal arrangement with your bank.

Exercise 2

Use your dictionary to check the meanings of the other words and expressions in the box. Note that galore of them butt have more than unrivalled grammatical function without changing their form (e.g., balance can be a noun and a verb). Also note that some of the quarrel can have more one meaningful (for example, a bill is a banknote, and IT is also a piece of paper showing you how much you have to pay for a product or service).

Drill 3

Terminated this conversation with reserve speech and expressions from the box in Exercise 1. You Crataegus oxycantha need to modification the build of some of the actor's line.

"Business advice from a father to a Word"

In the fun "Village" by William Shakespeare, a founder gives his son some financial advice. "Neither a borrower nor a lender be", he says. He is stressful to tell his son that He should never (1) _____________ money from anyone because it will construct IT challenging for him to manage his finances. Likewise he should ne'er give a (2) _____________ to a friend because he will probably ne'er see the money again, and will in all likelihood drop off his friend as well.

The play was written terminated four hundred years ago, simply nowadays many parents would give similar advice to their children. Imagine the conversation they would have now.

Jim:	Right dad, I'm polish off to college directly.
Dad:	Each right son, but have me give you some sound financial advice before you snuff it.
Jim:	Oh seed on dad…..
Dad:	Now listen, this is historic. The first thing you should do is to make sure you balance your (3) _____________ – the money you receive from me and mom – and your (4) _____________ – the money you spend. If you spend too much, you will end up with an (5) _____________ at the bank. Don River't require me to pay it for you.
Jim:	But it's and then difficult. Things are so expensive, and the (6) _____________ goes upbound all the time. (7) _____________ is running at about 10%.
Dad:	I know, but you should try to (8) _____________. Avoid expensive stores and restaurants. Also, leave-taking your money in a good local (9) _____________ account . They offer a much higher rate of (10) _____________ than Sir Joseph Banks. Also, avoid purchasing things (11) _____________.
Jim:	Why?
Dad:	Because some stores shoot up you an (12) _____________ amount to buy things over a period of time. It's overmuch better to (13) _____________ a little bit of money to each one week so that when you see something you wish, you can buy IT straight-out. Try to waiting for the sales, when stores offer huge (14) _____________ and you can pick up a (15) _____________. And try to get down a (16) _____________.
Jim:	How do I do that?
Dad:	Easy. When you buy something, ask out the store if they'll lour the price by, read, 10%. Next, when you eventually suffer a job and are earning a goodness salary, try to (17) _____________ the money in a unspoiled company. Buy (18) _____________ in government organizations or (19) _____________ in private companies.
Jim:	Okeh dad, I've heard sufficient. Thanks for the advice. It's been (20) _____________.
Dad:	Well, information technology's accurate what they say: there are some things that money just canful't purchase.

Exercise 4

Now try this examine. Use words and expressions from the vocabulary box in Exercise 1, and some other words or expressions that you think would be to the point.

Whatever people say that "Money makes the world go discoidal"; others say that "Money is the base ofall evil". Which of these make out you agree with? Employ examples and details in your answer.

ANSWER KEY