Business world

Question 1

Bargain (n)

Answer 1

something that is bought for a lower price than usual

Question 2

Bargain (v)

Answer 2

to discuss what the price of something will be, or how payment will be made

Question 3

Barter (v)

Answer 3

to trade goods or services without using money. Each person exchanges something they have for something they want.

Question 4

Be broke (v)

Answer 4

to have no money

Question 5

Borrow (v)

Answer 5

to obtain money which has to be repaid in the future.

Question 6

Buck (n)

Answer 6

a dollar

Question 7

Budget (n)

Answer 7

a) The amount of money you have available to spend; b) A plan to show how much money a person or organization will earn and how much they will need or be able to spend

Question 8

Bullion (n)

Answer 8

is gold or silver before it is made into coins. Bars of gold or silver are bullion

Question 9

Can’t afford (v)

Answer 9

if you cannot afford to do something, you do not have enough money to do that. You must not do it because it would cause serious problems for you

Question 10

Charge (v)

Answer 10

to ask for payment in return for providing goods or services

Question 11

Client (n)

Answer 11

a person or company that buys services

Question 12

Collateral (n)

Answer 12

property that you promise to give to if you cannot pay back the money that you borrow

Question 13

Consumer (n)

Answer 13

is somebody who buys things for their own use.

Question 14

Consumer society (n)

Answer 14

a society in which people often buy new goods, especially goods that they do not need, and in which a high value is placed on owning many things

Question 15

Cost of living (n)

Answer 15

the amount of money that a person needs to live

Question 16

Currency (v)

Answer 16

the money that is used in a particular country at a particular time

Question 17

Customer (n)

Answer 17

a person or company that buys goods

Question 18

Deflation (n)

Answer 18

the situation in which something becomes weaker, or something or someone becomes less confident than before

Question 19

Deposit (n)

Answer 19

to pay someone an amount of money when you make an agreement with that person to pay for or buy something that either will be returned to you later, if the agreed arrangement is kept, or that forms part of the total payment

Question 20

Donation (n)

Answer 20

money or goods that are given to help a person or organization, or the act of giving them

Question 21

Even numbers (n)

Answer 21

– can be divided exactly by 2 (e.g. 2, 4, 6, and 8)

Question 22

Exchange rates (n)

Answer 22

the rate at which the money of one country can be changed for the money of another country

Question 23

Fare (n)

Answer 23

the money that you pay for a journey in public transport, (e.g. a bus or train)

Question 24

Fee (n)

Answer 24

an amount of money paid for a particular piece of work or for a particular right or service

Question 25

Fine (n)

Answer 25

an amount of money that has to be paid as a punishment for not obeying a rule or law

Question 26

Fortune (n)

Answer 26

a very large amount of money

Question 27

Grant (n)

Answer 27

an amount of money given especially by the government to a person or organization for a special purpose

Question 28

In debt (n)

Answer 28

(a record of) money taken out of a bank account

Question 29

Income (n)

Answer 29

money that is earned from doing work or received from investments

Question 30

Inflation (n)

Answer 30

– a general, continuous increase in prices

Question 31

Instalment (n)

Answer 31

one of a number of parts into which an amount of money that is owed has been divided. Payments are made regularly until the total amount has been paid back

Question 32

Interest (n)

Answer 32

is the price the lender charges when somebody borrows money. It is a percentage of the total loan, or amount borrowed.

Question 33

Interest rates (n)

Answer 33

the interest percent that a bank or other financial company charges you when you borrow money, or the interest percent it pays you when you keep money in an account

Question 34

Lend (v)

Answer 34

if a bank or other organization lends money, it gives money to someone who agrees that they will pay the money back in the future, usually with extra money added to the original amount

Question 35

Loan (n)

Answer 35

an amount of money that is borrowed, often from a bank, and has to be paid back, usually together with an extra amount of money that you have to pay as a charge for borrowing

Question 36

Lump sum (n)

Answer 36

an amount of money that is paid in one large amount on one occasion

Question 37

Middle man (n)

Answer 37

a person or a company that buys goods from the company that makes them and sells them to somebody else.

Question 38

Mortgage (n)

Answer 38

an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself

Question 39

Odd (uneven) numbers (n)

Answer 39

cannot be divided exactly by 2 (e.g.3, 5, 7, and 9)

Question 40

Overdraft (n)

Answer 40

an amount of money that a customer with a bank account is temporarily allowed to owe to the bank, or the agreement that allows this

Question 41

Peer (n)

Answer 41

a person who has the same social status somebody as you

Question 42

Quid (n)

Answer 42

– a pound sterling

Question 43

Savings (n)

Answer 43

the money you keep, esp. in a bank or other financial organization

Question 44

Shares (n)

Answer 44

one of the equal parts that the ownership of a company is divided into, and that can be bought by members of the public

Question 45

Standard of living (n)

Answer 45

the amount of money and comfort people have in a particular society

Question 46

Stock market (n)

Answer 46

a stock exchange; the value of all investments that are traded

Question 47

Will (n)

Answer 47

an official statement of what a person has decided should be done with their money and property after their death