PERSONAL FINANCE AND THE
ECONOMY
33.1 Match word form
each box to form collocations from the opposite page and use them to
complete the sentence below (Borrow, Make, Spend, Stay, Supplement, a
float, afortune,
heavily, my income and then a payment)
I make a payment of
€500 every month to my credit-card account.
When I was a student I got a job
in a fast-food outlet to supplement my income.
I used to borrow on
books when I was at university
I had no grant or scholarship, so
I had to spend a payment to finance my studies
Small firms find it difficult to stay
a fortune when costs and interest rates are high.
33.2 Copy and complete
collocation bubbles using words from the box. Some wordscollocate
only
with debt, some only with overdraft and some with both. Use
adictionary to help you find one
more collocation for each bubbles.
1. To
arrange a (overdraft)
2. A
bad (debt)
3. To
be in (overdraft)
4. To
clear a (overdraft)
5. Deep
in (debt)
6. Facility (overdraft)
7. To
get a (overdraft)
8. To get
into (overdraft)
9. A
hefty (debt or overdraft)
10. The national (debt
or overdraft)
11. To pay off a (debt)
12. Ridden (debt)
13. To run up (debt)
14. An unauthorized (debt)
33.4 Answer the
question about collocations from the opposite page
1. What
object is a person or company being compared to when we use the collocation keep orstay
a
float metaphorically?
float metaphorically?
(The
object is a company)
2. What are
you eventually expected to do with a loan ?
(No, I
will not expected to do with loan)
3. If a
bank calls in a loan, do they (a) give it (b)write it off (c) demand
full payment
(They
write off)
4. If someone defaults
on a payment, do they (a) not make it (b) make it in full (c) partially
make
it
(They not
make it)
5. What is the
crime called when someone make illegal use of another person’s credit card?
(The crime
called when someone do a default payment)
34.1 Match the
beginning of each sentence with its ending
1. The
government is finding it very difficult to curb (Inflation)
2. The
country is suffering because of the current economic (Climate)
3. Although
heavy industry is in decline, service industries are (Thriving)
4. The
CEO is anxious to safeguard his company’s (Thriving)
5. New
machinery has enabled the factory to increase its (Output)
6. The
tax authorities plan to tackle the issue of undeclared (Interest)
7. The
budget plan explains how we intend to allocate our various (Exclusion)
8.
We must tackle and solve the problem caused by social (Earnings)
34.2 Which of these
phrases would a Finance Minister be likely to use about
the economy
under his/her own guidance and which about the economy under a
previous
rival government.
1. Build
on success (the economy under his/her own guidance)
2. Extend
opportunity (the economy under his/her own guidance)
3.
Leave inflation unchecked (the economy under a previous rival
government)
4.
Levy heavy taxes (the economy under a previous rival
government)
5. Meet
with success (the economy under his/her own guidance)
6. Poor
value for money (the economy under a previous rival government)
7.
Rampant inflation (the economy under a previous rival government)
8. Rising
unemployment (the economy under a previous rival government)
9. Safely
steer the economy (the economy under a previous rival government)
10. Steady
growth (the economy under a previous rival government)
11. Thriving
black economy (the economy under a previous rival government)
12. Thriving
industry (the economy under a previous rival government)
13. Uninterrupted
growth (the economy under a previous rival government)
34.3 Find the opposite of the
underlined words in these collocation in the opposite
page
1.
to invest for the short term (long)
2.
to restrict opportunity (clear)
3. declared earnings (apparent)
4. falling unemployment (get
up)
5. stunting growth (speed
up)
6. soaring profits (decline)
7. private spending (public/general)
8.
to reduce cost (run up)
9.
to lower interest rates (higher)
10. to abolish a
levy (round off)
34.4
Complete each sentence using words from 34.3 (either those underlined
above or their
opposites) in the aapropriate form.
1. The
government has more control over restrict than over run up spending
2. Tax
inspectors make spot checks to ensure we do not have any declared earnings
3. If
you have a steady and secure income, then it may be sensible to invest for the long
term
rather than the short term
4. Reduce unemployment
is a sign of a healty economy
5. If
the government wants to slow down the economy by higher interest
rates, then a
company’s
costs will be higher and so their profits may lower
6. A
progressive government will want to higher opportunity and to higher growth
7. A
political party might think it was a good idea to slow growth down but it would
be
very
unlikely to say that it wanted to reduce growth
8. The
government has decided to run up a levy on commercial waste
collocation in order
to
encourage recycling.
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