VI. Put each of the following words or phrases in its correct place in the sentences below.

numismatist standing order currency expenditure

counterfoil counterfeit statement bounce

legal tender

1. You can change your ____ at any bank or large hotel.

2. She held the note up to the light to make sure it wasn't____.

3. He collects coins and banknotes. He's a ____.

4. I always fill in the ____ when I write out a cheque. Otherwise I would lose track of my ____.

5. I don't trust him. I'm sure his cheque will ____,

6. I pay my rent by ____. It saves me having to write a cheque every month.

7. The bank sends me a detailed ____ every month.

8. Don't worry. Scottish banknotes are ____ in England too.

Personal spending

VII. Put each of the following words or phrases into their proper places in the given sentences.

broke quid hire purchase make ends meet

chickenfeed I.O.U. mortgage instalments

1. I'm afraid I have no money at all. I'm completely ______ .

2. She finds London very expensive. She says she can't ____ on less than £100 a week.

3. To a multi-millionaire £100 is ____.

4. Can you lend me a couple of ____?

5. I managed to get a____ to buy a house. I'll be paying it back for the next 20 years.

6. He lent me the money but he didn't trust me completely and asked me to give him an ____.

7. I couldn't really afford to buy a car so I got it on ____ and paid monthly____ until it was finally mine.

A. Use at least five of the words at the top of the above exercise and any you like from Exercise 7 to describe, in a short paragraph, someone's terrible financial situation.

VIII. Complete each sentence with one of the words given.

a ccount company enterprise market price

claim currency figures payment venture

1. John became rich by playing the stock................

2. We have decided to turn our business into a limited ................

3. This government believes firmly in the value of free ................

4. I am interested in buying the property, but I find the............... too high.

5. I am saving money to make the down............... on a new car.

6. We put in an insurance............... after our house was damaged in a storm.

7. Everyone was impressed with the sales ............... for the new product.

8. Margaret lost a lot of money in an unwise business................

9. I keep most of my money in a savings ................

10. Our company receives a lot of payments in foreign................

IX. Match each sentence a) to j) with a sentence from 1) to 10) which has a similar meaning.

a) We have to haggle. 1) We spend a lot.

b) We have a nice little nest-egg. 2) We don't waste money.

c) We have high expenditure. 3) We let people borrow from us.

d) We get in free. 4) We earn according to what we sell.

e) We are in debt. 5) We argue about the price.

f) We are very thrifty. 6) We earn a lot.

g) We are paid on commission. 7) We don't have to pay.

h) We want a rise. 8) We need higher wages.

i) We lend money. 9) We owe money.

j) We have a high income. 10) We have some savings.