CHAPTER 6 Muhammad Adi Teo Andri Irmawan

CHAPTER 6
MONEY MATTERS
Managing you Finances

A. Reading
B. Match sentences 1-7 to letters A-G on the bank statement in A

1. Maria has a current account. A. Your current account detail
2. Maria sees how much money she has at the end of the month. G. Balance carried forward
3. She pays her rent every month by standing order. E. Standing order
4. She pays other bills by direct debit. F. Direct debit
5. She withdraws cash at ATMs. C. ATM No.22
6. She receives her salary on the 23rd of the month. B. Salary
7. She receives interest once a year. D. Internet
C. Vocabulary
ATM balance credit current account direct debit home insurance

rent salary standing order withdrawal
1. My Balance shows how much money I have in my account.

2. I have a(n) Current Account at my bank to make payment and receive money.
3. I see a(n) Credit on my account when someone pays money into it.
4. I usually get cash out of my account at a(n) ATM
5. I make the same payment every month with a(n) Standing Order
6. My employer pays my Salary into my account.
7. I have Home Insurance to protect my home.
8. I pay bills each month automatically. I use Direct Debit
9. Every month I pay Rent for my flat.
10. I take money from my account. It is a(n) Witdrawal.
Finance and the Economy
A. Vocabulary. Match words 1-9 to definitions a-I
1. Loss a) money that you borrow from a bank (Loan)
2. Demand b) selling something for less than you buy it for (Loss)
3. Share c) money that you pay to borrow money (Interest)
4. Interest d) ownership of part of a company (Share)
5. Investment e) income greater than expenses (Profit)
6. Supply f) goods and services that people sell (Supply)
7. Profit g) money that you borrow to buy a house or flat (Mortgage)
8. Loan h) money that is put into a business (Invesment)
9. Mortgage I) goods and services that people want to buy (Demand)
B. Reading. Complete this introduction to finance from a consumer website with words from A.
The Economy and the World of finance
Two key principles of the economy are supply and demand. Some people have goods or services to sell and other people
want to buy those goods or services. The relationship between supply and (1) Demand is very important. The world of
finance is a necessary part of the economy.
People needs money to do business. Banks first collect money from customers. Then they lend money to people or
institution. Customers who borrow money pay (2) Interest to the bank until they pay the money back.there are different
types of (3) Loan . for example, people who want to buy a house or flat usually choose a(n) (4) Mortgage
(5)in shares of stock is another part of financial world. People buy shares and then own a part of a company. They hope to
make a(n) (6) Profit when the company does well. When the company does not do well, the investor makes a(n) (7) Loss.
These are some of the ways that financial institutions help the economy.
C. Match 1-6 to a-f to make sentences

1. Customers pay interest on a) money to customers (3)
2. The economy needs b) make investment? (4)
3. Bank often lend c) lend money to every customer (5)
4. Do you sometimes d) a mortgage? (6)
5. We don’t e) money they borrow (1)
6. Do they have f) strong financial institutions (2)
D. Vocabulary. Match words 1-4 to their opposites a-d
1. Borrow a) sell (4)
2. Loss b) supply (3)
3. Demand c) lend (1)
4. Buy d) profit (2)
Banks and Building society
A. Vocabulary. Match words 1-6 to definitions a-f
1. Merger a) you use money in this account every day (current account)
2. Takeover bid b) two companies become one companies (Marger)
3. Pension c) you save money in this account over a long time (deposit eccount)
4. Current account d) one company tries to buy another company (takeover bids)
5. Deposit account e) a special bank for deposit accounts and mortgages (building society)
6. Building society f) you save this money for when you stop working (pension)
B. Read this part of an advertisement for heart of Gold Building society. Complete it with the correct present simple or
present continuous form of the verbs in bracket.
This is why we always (1) (offer) the best interest rates to our customers. We (2) (want) to give
you the profits. At the moment we (3)(offer) special current accounts and deposit accounts to new
customers. We also (4)(know) that many customers (5)(want) to buy a house or flat. That is why we
(6)(feel) that loans for housing (7)(be) important. We (8)(arrange) special terms now
for first-time customers. We (9) (believe) our products are just what you need. So what (10)
(you/wait) for? We (11) (be) here to help you. Our doors (12) (be) open from 8 to 5 Monday to Friday.
1. Offer
2. Want
3. Are offering
4. Know
5. Want
6. Are feeling
7. Being
8. Are arrangeing
9. Believe
10. Are you waiting
11. Are being
12. Be
Investment Banks
A. Vocabulary. What do investment banks do? Match phrases 1-5 to definitions a-e
1. Issue shares a) work against someone trying to buy a company (fight takeover bids)
2. Fight takeover bids b) help someone with money and investments (Give finansial advice)
3. Raise capital c) offers of a company to investors (Issue shares)
4. Underwrite securities d) get money to run a business (Raise capital)
5. Give financial advice e) arrange to sell shares to investors and to guarantee a minimum price(underwrite
securites)
B. Complete these sentences with the words in the box
Acquisition analyst Brokerage Department buyout investment fund

IPO merger stock market strategic planning
1. A(n) IPO stands for “Initial Public Offering”. it is the first time the company sells its shares to investors.
2. A company does strategi planning so its ready for the future.
3. The buyout is the section of a bank which buys and sells shares for customers.
4. A(n) happens when a company or persons buys another business. This is also called a(n) Acquisiton
5. A(n) Invesment fund is a fund which is takes money from all its clients and invests it.
6. A(n) Analyst looks at information and decides what to do with it.
7. When two companies join together to make one, this is a(n) merger
8. People buy shares on the stock market

CHAPTER 6 Muhammad Adi Teo Andri Irmawan

Uploaded by

Copyright:

Available Formats

CHAPTER 6 Muhammad Adi Teo Andri Irmawan

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

CHAPTER 6 Muhammad Adi Teo Andri Irmawan

Uploaded by

Copyright:

Available Formats

CHAPTER 6

Managing you Finances

B. Match sentences 1-7 to letters A-G on the bank statement in A

ATM balance credit current account direct debit home insurance

1. My Balance shows how much money I have in my account.

C. Match 1-6 to a-f to make sentences

B. Complete these sentences with the words in the box

Acquisition analyst Brokerage Department buyout investment fund

You might also like