Now listen to this business English telephone dialogue.

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Mozyr, 2012

Money Matters

Useful Expressions

1) We are looking at some typical words, expressions collocations and forms related to the word "money". Listen and repeat the following expressions.

Part A. Money

1. They made a lot of money last year.

2. They don't earn much money from direct sales.

3. She was a high-earning broker with money to burn.

4. The formula in Hollywood is simple: money talks

5. We'd like to think we're getting our money's worth.

6. This product is a real money-maker

7. On the money markets, the dollar was weaker against the euro.

8. Popcorn and soft-drinks are a real money-spinner in cinemas.

9. The Chancellor wants to reduce inflation by controlling the money supply

10. They asked the bank to lend them some money.

11. We want to pay the money back as soon as possible.

12. They came to us with a good money-making scheme

13. Name your price - money is no object

14. They owe us a lot of money.

Part B. Finance

1. Who is going to finance the project?

2. She's a financial adviser for a multi-national.

3. The company is financially-sound

4. Where are we going to find the financing for a project of this scale?

5. They managed to get some financial backing

6. This product is a financial liability

7. The financial markets responded positively to the move.

8. Financial forecasts were in line with our predictions as to where the market was going.

9. They have good financial standing

10. We aren't prepared to take any more financial risks.

11. They were hoping for a bit more financial support.

12. There may be up to 12,000 job losses in the coming financial year ("fiscal year" in US English).

13. The company is in financial difficulties.

14. The fund was used to finance the building of a prison.

15. The Minister of Finance recommended raising the base tax rate.

Now listen to this business English telephone dialogue.

Stan: Stan Bakers. _____________________?

or any furniture, but that didn't matter. The young man had a good job with good prospects, so large organisations lent him the money he needed to buy a house, some furniture, all the latest electrical appliances and a car. The couple lived happily ever after paying off debts for the rest of their lives. And so ends another modern romantic fable.

We live in a materialistic society and are trained from our earliest years to be acquisitive. Our possessions, 'mine' and 'yours’ are clearly labelled from early childhood. When we grow old enough to earn a living, it does not surprise us to discover that success is measured in terms of the money you earn. We spend the whole of our lives keeping up with our neighbours, the Joneses. If we buy a new television set, Jones is bound to buy a bigger and better one. If we buy a new car, we can be sure that Jones will go one better and get two new cars: one for his wife and one for himself. The most amusing thing about this game is that the Joneses and all the neighbours who are struggling frantically to keep up with them are spending borrowed money kindly provided, at a suitable rate of interest, of course, by friendly hanks, insurance companies, etc.

It is not only in affluent societies that people are obsessed with the idea of making more money. Consumer goods arc desirable everywhere and modern industry deliberately sets out to create new markets. Gone are the days when industrial goods were made to last forever. The wheels of industry must be kept turning. “Build-in obsolescence provides the means: goods are made to be discarded. Cars get tinnier and tinnier. You no sooner acquire this year's model than you are thinking about its replace­ment.

This materialistic outlook has seriously influenced education. Fewer and fewer young people these days acquire knowledge only for its own sake. Every course of studies must lead somewhere: i.e. to a bigger wage packet. The demand for skilled personnel far exceeds the supply and big companies compete with each other to recruit students before they have completed their studies. Tempting salaries and fringe benefits are offered to them. Recruiting tactics of this kind have led to the 'brain drain', the process by which highly skilled people offer their services to the highest bidder. The wealthier nations deprive their poorer neighbours of their most able citizens. While Mammon is worshiped as never before, the rich get richer and the poor, poorer.

The argument: key words

1. Once upon a time: young woman, young man; poor, in love.

2. Parents objected to marriage: good job, good prospects first

3 Young people complied: could get married.

4 Still poor: borrowed money for house, furniture, car, etc.

I'm afraid there are no funds in the accountWhich account would you like to transfer the money from?

Could you sign and date the cheque, please?

You'll have to apply for a new PIN number.

Cashier: Good morning.

Jane: Good morning. I'd like to pay this money into my account, please.

Cashier: Have you filled in a paying-in slip.

Jane: No, I didn't see them.

Cashier: Here you are. (He gives Jane a slip.)

Jane: (Jane fills it out.) I'd also like to apply for a credit card.

Cashier You'll need to fill out this form. (He gives Jane a form.)Then, we'll process your application.

Jane: I've also got these US dollars on me. Can I change them here?

Cashier: Yes, that won't be a problem.

Jane: What's the exchange rate for dollars to pounds?

Cashier Its _____________ pence. That means that one dollar is worth __________ pence.

Jane: So, if I change _________ US dollars, I'll get about _______ pounds, right?

Cashier: Yes, ______ pounds and _________ pence, to be precise.

Jane: And are there any charges?

Cashier: There's a __________% commission charge on all transactions.

Jane: OK. I'll think I'll just keep them for my next trip to the states.

Cashier: OK. Have a nice day.

Jane: Bye.

PERSONAL FINANCE

Sometimes in a shop they ask you: “How do you want to pay?”

You can answer: “Cash / By cheque / By credit card.”

In a bank you usually have a current account, which is one where you pay in your salary and then withdraw money to pay your everyday bills. The bank sends you a regular bank statement telling you how much money is in your account. You may also have a savings account where you deposit any extra money that you have and only take money out when you want to spend it on something special.

You usually try to avoid having an overdraft or you end up paying a lot of interest. If your account is overdrawn, you can be said to be in the red.

Sometimes the bank may lend you money - this is called a bank loan. If the bank lends you money to buy a house, that money is called a mortgage.

When you buy something in a shop, you usually pay for it outright but

85)How quickly can you answer these questions? Write down answers to all of them in one minute, then go back and check.

1. Is the currency in America called the dollar?

2. Is a 5-pound note worth less than a 50-pence piece?

3. If you lent something to someone, do they borrow it?

4. If you waste money, do you use it well?

5. Is “sterling” a currency?

6. If you “can’t afford” something, do you have enough money for it?

7. Does “cost of living” mean the same as “standard of living”?

8. If someone tells you a hotel is reasonable, is it very expensive?

87)Choose the correct word to complete the sentence. Look up any words you don’t know.

1. If business has been good, the staff get a ... the end of the year.

a. notice b. bonus c. fund d. deposit

2. He drew all his money ........ the bank before he left.

a. of b. off c. out of d. t o

3. Where can I get a good rate of........ for my money?

a. credit b. interest c. debt d. bargain

4. We'll have to economise ........ luxuries in the future.

a. for b. at c. of d. on

5. They want to get young people to open a bank ......... .

a. count b. account c. counter d. deposit

6. Could you give me an ........ of how much it will cost?

a. income b. estimate c. invoice d. expenditure

7. You have to pay a ........ now to reserve your holiday.

a. deposit b. security c. credit d. surplus

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5. The kidnappers demanded a ....... of $ 1,000,000. (fine, penalty, ransom, reward)

6. The World Bank has criticised the United States for not giving enough financial ....... to the East European countries. (aid, allowance, loan, premium)

7. You can ....... your basic wage by working longer hours. (effect, help, implement, supplement)

8. A salesman is paid a ....... on the goods he sells. (commission, percentage, provision, salary)

9. The President admitted taking ....... and had to resign. (bribes, fees, fines, premiums)

10. In our country ....... of $ 250 is paid weekly to a family with more than three children. (an allowance, a fee, an income, a wage)

11. Mr Mean cannot bear to ....... even the smallest sum of money for a charity appeal. (give in, let out, part with, pay off)

12. Mr Rich earns $ 8,000 a month ....... and $ 5 000 a month net. (bulk, gross, mass, wholesale)

13. You can only ....... this postal order at a post office. (alter, cash, exchange, pay)

14. If they are not more careful with their accounts, they will go ....... . (bankrupt, broken, penniless, poor)

15. The Finance Minister will be making a ....... today about new rates of income tax. (declaration, notice, statement, talk)

16. If I had another $25,000 a year, I would consider myself ....... . (well deserved, well done, well-made, well off)

17. All the workers in our firm get a Christmas ....... of $ 100. ( bonus, fine, prize, reward)

18. "Can you ....... something for the orphans?" he asked, rattling a collecting-box. (give, leave, provide, spare)

19. Before starting a business, you have to raise the necessary ....... . (capital, currency, investment, savings)

20. The usual reason for exemption from tax does not ....... in this case. (apply, concern, impose, regard)

21. Mrs Unemployed is finding it difficult to pay the ....... on her insurance policy. (bonuses, fees, fines, premiums)

22. Our company made a record ....... last year. (benefit, earn, profit, winning)

23. While you are away from the office on business trips, you witl be given a daily ....... of $ 50 towards meals and accommodation. (allowance, fine, permit, reward)

24. I hate the beginning of each year when all the ....... start coming in and I have

Bob: I'm a debt collector!

Date: 2015-12-24; view: 1541