PERSONAL FINANCE AND THE ECONOMY
33.1 Match word form each box to form
collocations from the opposite page and use them to
complete
the sentence below (Borrow, Make, Spend, Stay, Supplement, a float,
afortune,
heavily, my
income and then a payment)
I make a payment of €500 every month to my
credit-card account.
When I was a student I got a job in a fast-food outlet to supplement
my income.
I used to borrow on books when I was at
university
I had no grant or scholarship, so I had to spend a
payment to finance my studies
Small firms find it difficult to stay a fortune when
costs and interest rates are high.
33.2 Copy and complete collocation bubbles using words
from the box. Some wordscollocate only
with debt, some
only with overdraft and some with both. Use adictionary to help you
find one
more collocation
for each bubbles.
1. To
arrange a (overdraft)
2. A
bad (debt)
3. To
be in (overdraft)
4. To
clear a (overdraft)
5. Deep
in (debt)
6. Facility (overdraft)
7. To get a (overdraft)
8. To get into (overdraft)
9. A hefty (debt or
overdraft)
10. The national (debt or overdraft)
11. To pay off a (debt)
12. Ridden (debt)
13. To run up (debt)
14. An unauthorized (debt)
33.4 Answer the question about collocations from
the opposite page
1. What object is a
person or company being compared to when we use the collocation keep orstay
a
float metaphorically?
float metaphorically?
(The object is a company)
2. What
are you eventually expected to do with a loan ?
(No, I will not expected to do
with loan)
3. If a bank calls in a
loan, do they (a) give it (b)write it off (c) demand full payment
(They write off)
4.
If someone defaults on a payment, do they (a) not make it (b) make it in
full (c) partially
make
it
(They not make it)
5. What is the crime called when someone
make illegal use of another person’s credit card?
(The crime called when someone do a
default payment)
34.1 Match the beginning of each sentence with
its ending
1. The
government is finding it very difficult to curb (Inflation)
2. The
country is suffering because of the current economic (Climate)
3. Although
heavy industry is in decline, service industries are (Thriving)
4. The CEO is
anxious to safeguard his company’s (Thriving)
5. New
machinery has enabled the factory to increase its (Output)
6. The tax
authorities plan to tackle the issue of undeclared (Interest)
7. The budget
plan explains how we intend to allocate our various (Exclusion)
8. We must tackle
and solve the problem caused by social (Earnings)
34.2 Which of these phrases would a Finance
Minister be likely to use about
the economy
under his/her own guidance and which about the economy under a
previous
rival government.
1. Build
on success (the economy under his/her own guidance)
2. Extend
opportunity (the economy under his/her own guidance)
3. Leave
inflation unchecked (the economy under a previous rival government)
4. Levy
heavy taxes (the economy under a previous rival government)
5. Meet
with success (the economy under his/her own guidance)
6. Poor
value for money (the economy under a previous rival government)
7. Rampant
inflation (the economy under a previous rival government)
8. Rising
unemployment (the economy under a previous rival government)
9. Safely
steer the economy (the economy under a previous rival government)
10. Steady growth (the
economy under a previous rival government)
11. Thriving black
economy (the economy under a previous rival government)
12. Thriving
industry (the economy under a previous rival government)
13. Uninterrupted
growth (the economy under a previous rival government)
34.3 Find the opposite of the underlined words in these
collocation in the opposite
page
1. to invest for the short term (long)
2. to restrict opportunity (clear)
3. declared earnings (apparent)
4. falling unemployment (get
up)
5. stunting growth (speed
up)
6. soaring profits (decline)
7. private spending (public/general)
8. to reduce cost (run
up)
9. to lower interest
rates (higher)
10. to abolish a levy (round
off)
34.4 Complete each
sentence using words from 34.3 (either those underlined above or
their
opposites) in the aapropriate form.
1. The government has more
control over restrict than over run up spending
2. Tax inspectors make spot
checks to ensure we do not have any declared earnings
3. If you have a steady and
secure income, then it may be sensible to invest for the long
term
rather than the short term
4. Reduce unemployment is
a sign of a healty economy
5. If the government wants to
slow down the economy by higher interest rates, then a
company’s
costs will be higher and so their profits may lower
6. A progressive government
will want to higher opportunity and to higher growth
7. A political party might
think it was a good idea to slow growth down but it would be
very
unlikely to say that it wanted to reduce growth
8. The government has decided to run
up a levy on commercial waste collocation in order
to encourage recycling.
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