Answer the following questions
What is currency?
What is a deposit?
What is a person’s income?
What can a person’s income include?
What do outgoings include?
What is a budget?
V. Complete the sentences with words from the box. Look at the texts to help you
commission overtime |
bonus pension |
currency rent |
earn salary |
mortgage social security |
tax |
After I lost my job, I was living on ….. for three months. This was difficult, because the amount was much lower than the ….. I had before.
I used to work as a salesperson, but I wasn’t very successful, so I didn’t ….. much ……. .
If the company makes 10 % more than last year, we’ll all get a …… at the end of the year.
It’ll take me at least 2.5 years to repay the …… on my house.
Many European countries now have the same ……., the euro.
My wages aren’t very good, so I do a lot of …… .
Nearly 40 % of everything I earn goes to the government as ……. .
The owner has just increased the …….. on our flat by 15 %.
When I retire, my …….. will be 60 % of my final salary.
VI. Are the following statements true or false? Find reasons for your answers in the texts
Bank deposits are not classified as money.
People earning wages get paid more often than people earning a salary.
People working on commission always get paid the same amount.
When you stop working at the end of your career, you receive a pension.
Most people pay a rent and a mortgage.
VII. Give extensive answers to the following questions
Do you know what the average income is in your country, and in your job, or the one you are studying for?
How important is salary in your choice of career?
VIII. Test your English
Identify which mathematical term (a-i) describes the examples (1-9)
1. 74% a) formula
2. f=
b)
multiplication
3. 000’s 000’s c) division
Jan 2,4 July 3,5 d) percentage
Feb 2,5 Aug 4,7 e) average
Mar 3,9 Sept 6,9 f) ratio
April 4,6 Oct 6,3 g) addition
May 3,4 Nov 6,8 h) rate
June 3,6 Dec 3,4 i) subtraction
Monthly = 4,33
4. 1,623 + 3,004 = 4,627
5. 302 x 6,2 = 1872,4
6. 9,260 – 1,111 = 8,149
7. 
= 301
8. Direct costs 724
Indirect costs 200
Costs
Direct : Indirect = 3,62
9. £12,24/hour
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
d |
|
|
|
|
|
|
|
|
Key: 3 Facts and Figures
Теxt 1.2 Business finance
Practice the pronunciation of the following words
borrow, loan, issuing, equities, ownership, share, certificates, debt, liabilities, shareholder, supplier, available, revenue, minus, proportion, government, retain, financial, assets, sufficient, instead, refused.