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    Money - Buying, Selling, Paying

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    This document discusses personal finance topics such as making payments, bank accounts, loans, taxes, and currency exchange. It explains that people can pay for purchases with cash, checks, or credit cards. It describes common bank accounts like current accounts and savings accounts. It also discusses loans from banks, mortgages, buying on credit, discounts, returns, taxes paid by individuals and corporations, government benefits, different currencies used by countries, and investing in companies through shares.

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    Money - Buying, Selling, Paying

    Uploaded by

    save1407
    571 views1 page
    This document discusses personal finance topics such as making payments, bank accounts, loans, taxes, and currency exchange. It explains that people can pay for purchases with cash, checks, or credit cards. It describes common bank accounts like current accounts and savings accounts. It also discusses loans from banks, mortgages, buying on credit, discounts, returns, taxes paid by individuals and corporations, government benefits, different currencies used by countries, and investing in companies through shares.

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    English

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    This document discusses personal finance topics such as making payments, bank accounts, loans, taxes, and currency exchange. It explains that people can pay for purchases with cash, checks, or credit cards. It describes common bank accounts like current accounts and savings accounts. It also discusses loans from banks, mortgages, buying on credit, discounts, returns, taxes paid by individuals and corporations, government benefits, different currencies used by countries, and investing in companies through shares.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    571 views1 page

    Money - Buying, Selling, Paying

    Uploaded by

    save1407
    This document discusses personal finance topics such as making payments, bank accounts, loans, taxes, and currency exchange. It explains that people can pay for purchases with cash, checks, or credit cards. It describes common bank accounts like current accounts and savings accounts. It also discusses loans from banks, mortgages, buying on credit, discounts, returns, taxes paid by individuals and corporations, government benefits, different currencies used by countries, and investing in companies through shares.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Money - buying, selling and paying

    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 usua y ha!e a current account" which is one where you pay in your sa ary and then withdraw money to pay your e!eryday bi s. #he bank sends you a re$u ar banki statement te in$ you how much money has $one in and out o% your account. You may a so ha!e a sa!in$s account where you deposit any e&tra money that you ha!e and on y take money out when you want to spend it on somethin$ specia . I% you spend more than you ha!e in your account you can ha!e an o!erdra%t. #he bank a ows you to spend more and char$es you interest. I% your account is o!erdrawn 'you ha!e taken more out o% your account than you had in it( you are)in the red *as opposed to in the b ack or in credit+.
    Sometimes the bank may end you money , this is ca ed a bank oan. I% the bank 'or bui din$ society( ends you money to buy a house" that money is ca ed a mort$a$e /'mo:$id-/. .hen you buy 'or purchase more %orma y( somethin$ in a shop" you usua y pay %or it outri$ht but sometimes you buy on credit. Sometimes you may be o%%ered a discount or a reduction on somethin$ you buy. /or e&amp e" you mi$ht $et 012 o%% perhaps because you are a student. You are o%ten o%%ered a discount i% you buy in bu k.,It is not usua to ha$$ about prices in a British shop" as it is in" say" a #urkish market. I% you want to return somethin$ which you ha!e bou$ht to a shop" you may be $i!en a re%und" i.e. your money( wi be returned" pro!ided you ha!e a receipt. #he money that you pay %or ser!ices" e.$. to a schoo or a awyer" is usua y ca ed a %ee o %ees3 the money paid %or a 4ourney is a %are. I% you buy somethin$ that you %ee was !ery $ood !a ue" it's a bar$ain. I% you %ee that it is de%inite y not worth what you paid %or it" then you can ca it a rip,o%% '!ery co oquia (.

    Public finance #he $o!ernment co ects money %rom citi5ens throu$h ta&es. Income ta& is the ta& co ected on wa$es and sa aries. Inheritance ta& is co ected on what peop e inherit %rom others. Customs or e&cise duties ha!e to be paid on $oods imported %rom other countries.6 78# or !a ue added ta& is a ta& paid on most $oods and ser!ices when they are bou$ht OD
    purchased. Companies pay corporation ta& on their pro%its. I% you pay too much ta&" you( shou d be $i!en some money back" a ta& rebate. #he $o!ernment a so sometimes pays out money to peop e in need" e.$. unemp oyment bene%it 'a so known as the do e" in%orma ( disabi ity a owances and student oans 'money( ent to he p pay %or studyin$(. 9ecipients draw a pension / unemp oyment bene%it or are 7s the do e or on socia security.

    :!ery country has its own specia currency. :!ery day the rates o% e&chan$e are pub ished4 and you can disco!er" %or e&amp e" how many do ars there are current y to the pound ster in$. 8 company may se shares to members o% the pub ic who are then said to ha!e in!ested 1 that company. #hey shou d be paid a re$u ar di!idend on their in!estment" dependin$ on4 the pro%it or oss made by the company.

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    English Vocabulary in Use (Upper-intermediate)

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