A & C Black London
First edition published 1997
This second edition published in Great Britain 2007
A & C Black Publishers Ltd 38 Soho Square, London W1D 3HB
© Jonathan Marks 2007
All rights reserved. No part of this publication may be reproduced in any form without the permission of the publishers.
A CIP entry for this book is available from the British Library ISBN-10: 0 7136 8250 7 ISBN-13: 978 0 7136 8250 2 eISBN-13: 978-1-4081-0250-3 Text typeset by A & C Black Printed in Great Britain at Caligraving Ltd, Thetford, Norfolk
This book is produced using paper that is made from wood grown in managed, sustainable forests. It is natural, renewable and recyclable. The logging and manufacturing processes conform to the environmental regulations of the country of origin.
page Introduction 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Money – the basics Banks – the basics Operating an account Credit and debit cards Internet banking Mortgages The housing market The consumer credit boom Pensions and other financial products Insurance Wills and other legal matters Money and work Currency markets 1 Currency markets 2 International payments International Banking and investments National central banks (NCBs) National economies and international trade Taxation Profit and loss accounts Balance sheets Corporate finance Mergers and acquisitions Investments The dot.com bubble Banking and financial problems Numbers and statistics Phrasal verbs for banking and finance Financial idioms and expressions Pronunciation and word-building Answer key Index 5 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 76
Who is the book for? This book has been written for people whose first language is not English, and who need to use English in the context of banking and finance. It covers language useful for working in retail banking, company finance departments and other situations involving financial transactions. There is a strong focus on the language needed to communicate on financial topics, discuss financial problems and plan projects. It does not cover rarely-used terms, or academic terms used by economists. All the language in the book is intended to be accessible to intermediate level students and above. How can the book be used? The vocabulary is arranged by topic. Choose the topics that interest you. The pages do not have to be completed in any particular order, and there is no need to complete all the pages if some are on topics which are not useful to you. It is better to complete one or two pages in a day, and remember the vocabulary, rather than completing as many pages as possible. The answers to the exercises can be found at the back of the book. There is also an index to help you find the pages which are most useful to you. Write new words and phrases you learn in a notebook or file. Review this language regularly so that it becomes part of your active vocabulary. A good general dictionary will be very helpful, providing pronunciation guides and more contexts. For vocabulary relating specifically to Banking and Finance, Dictionary of Banking and Finance (A&C Black, ISBN 978-07136-7739-3) will be a useful reference source.
1. Money – the basics
A. Put the correct word in each space.
account change lent sum 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. back coin note wages banknotes currency salary waste borrowed earn spend win
In the USA, "quarters" (25 cents) and "dimes" (10 cents) are types of _______________. In the United Kingdom, "a tenner" means a ten pound _______________. The US dollar, the Yen and the Euro are types of _______________. Hundred dollar bills and twenty pound notes are _______________. 2,000,000 Swiss francs is a large _______________ of money....