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Unit 2 Does money make people happy?

Section 1 Warming-up

    1. It’s common knowledge that people are willing to get money and are reluctant to spend it. Study the words below, match them with their definitions and then arrange them into three columns – A, B, C. Column A are for words which are associated with the process of spending, Column B – for words associated with the process of gaining. The words which can enter neither of the columns must be placed in column C.

1. bill

a) a list of things bought, used, eaten, etc. showing the total amount of money one has to pay

2. rent

b) money which must be paid to the government according to income, property, etc.

3. change

c) the particular kind of money in use in a country

4. tip

d) an additional payment beyond what is expected

5. fine

e) money lent at interest for a period of time

6. loan

f) money usually paid into one’s bank account once a month from the company one works for

7. debt

g) the money that is returned to someone when the amount he or she has given is more than the cost of the goods being bought

8. salary

h) a sum of money given to a student by an official body, esp. to pay for one’s studies

9. bonus

i) money paid regularly for the use of a room, building, etc.

10. tax

j) a sum of money paid for a professional services to a doctor, private school, etc.

11. cash

k) a small amount of money given as a gift, usually in addition to the official price

12 currency.

l) banknotes and coins

13. wages

m) an amount of money paid as punishment

14. fee

n) a payment made for the work done (usually to people who work with their hands)

15. scholarship

o) money that is owed

1.2Now insert suitable words from the list into the gaps.

  1. I’m flat broke, I can’t even pay out my …. .

  2. I expect you had to pay a fat … to your divorce lawyers.

  3. He’s a senior manager and he is on a very good … now.

  4. Don’t drive too fast, otherwise you’ll have to pay a … .

  5. Thank you, the dishes were really tasty! Could we have the … please?

  6. We pay a high … to our landlord.

  7. Shall I leave a … for the waiter?

  8. The British teachers in China were paid in local … .

  9. We took out a … to expand our business.

  10. If it cost 25 pence and you gave her a pound you should get 75 pence … .

  11. Half of my wages go in … .

  12. I prefer to pay in …. I don’t like to use credit cards.

  13. She won a … to study abroad.

  14. Let’s go shopping, I’ve got Christmas …. at work.

  15. The workers went on strike and demanded an increase in ….

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