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.
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 or stay a 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.
