IV. What's What in Finance? Match each word on the left with the correct definition on the right (a-o)
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1. pension | a) Something that the government collects and no one likes to pay |
2. bank | b) Where you go to borrow money or get cash |
3. tax | c) How you are charged for borrowing money |
4. dividends | d) How you can pay to buy a house, unless you can pay for it in a single payment |
5. shares | e) A type of investment made by a company when buying equipment |
6. inflation | f) What, in financial terms, a business hopes to make |
7. bankruptcy | g) What a company has to prepare every year for presentation to its owners and to the relevant authorities |
8. capital spending | h) A situation where a company does not have enough money or property to pay its debts, and so the company closes |
9. profit | i) The total amount of sales in a year |
10. interest | j) Rising prices, rising costs and rising wages in an economy |
11. assets | k) What you buy if you invest money in a company |
12. turnover | 1) Individuals who invest their money in a company hope to receive these regularly |
13. liabilities | m) When you are old, you hope to have one of these |
14. accounts | n) The name for all the property, equipment, investments and money owned by a company (or individual) |
15. mortgage | o) The name for everything that a company owes |
V. Choose the best alternative from the box below to complete the sentences.
1. | a) Workers | b) Directors | c) Control | d) Complaint |
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