Money Matters – Vocabulary and Practice

💸 Money Matters: Vocabulary and Exercises

📚 Essential Vocabulary

This section will help you distinguish between important financial terms and their nuances.

Lend vs Borrow – Giving money vs receiving it temporarily.
Inflation vs Deflation – Rising vs falling prices and purchasing power.
Discount vs Refund – Price reduction vs returned payment.
Income vs Expenditure – Money received vs money spent.
Invoice vs Receipt – Payment requested vs proof of payment.
Wage vs Salary – Hourly pay vs fixed annual income.
Loan vs Overdraft vs Mortgage – Different ways of borrowing money.
Shares vs Stocks – Often used interchangeably, but may differ legally.
Commission vs Interest – Payment for sales vs payment on borrowed money.
Priceless vs Worthless – Invaluable vs having no value.

Useful Links:

Explain the differences between the bold terms in the following groups:

Fill in the blanks with words from Exercise 1:

The store is happy to exchange faulty goods, but only offers a ________ with a valid ________.
Customer: You’ve ________ me! This ________ says $30.50.
Waiter: Service charge and government ________.
Customer: That’s an ________ price!
Our bank ________ shows a negative ________. We’re deep ________. Time to cut ________.
Base ________ is $20,000. Add a 10% ________ and their post-tax ________ is $45,000.
The company was declared ________. Employees lost ________ and ________.

Prepare your vocabulary and solve the crossword on the next page using these clues: