Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
B2 Vocab Finances
| Question | Answer |
|---|---|
| to credit | to add a sum of money to a bank account |
| economy | the system in which money, goods, and services are produced or distributed within a country or region |
| economic | relating to the production, distribution, and management of wealth and resources within a society or country |
| accounting | a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an organization or individual |
| asset | a valuable resource or quality owned by an individual, organization, or entity, typically with economic value and future benefit |
| budget | a specific amount of money set aside for a particular use |
| capital | assets used to generate more assets, especially in business or production |
| debit | an entry indicating an increase in assets or expenses, and a decrease in debts or income |
| finance | the act of managing large sums of money, especially by governments or corporations |
| investment | the act or process of putting money into something to gain profit |
| financing | the act of providing money for a business, project, or individual needs, typically through loans or investments |
| borrowing | the act of getting money with an agreement to repay it with interest or fees |
| debt | the condition of owing money |
| grant | an amount of money given by the government or an organization for a specific purpose |
| loan | a sum of money borrowed from a bank to be repaid with interest |
| to possess | to have something as one's own |
| distribution | the process of supplying products to businesses or customers |
| inflation | the ongoing increase in the general price level of goods and services |
| welfare | financial aid provided by the government for people in need |
| profit | the money gained after expenses and taxes are paid |
| standard of living | the level of wealth, comfort, and necessities available to an individual or group |
| balance | a state in an account where credits equal debits |
| bank statement | a document summarizing all financial transactions in an account |
| collapse (noun) | a sudden decrease in value, such as in prices or stocks |
| to collapse | to suddenly decrease in value or amount |
| decrease | the amount by which something is reduced |
| loss | money lost by a company or individual |
| analyst | a person who evaluates data to provide insights and decisions |
| banker | a person working in or managing a bank |
| to price | to set a price for a product or service |
| to purchase | to buy goods or services with money |
| rate | a specified amount of money charged or paid |
| to rip off | to charge someone too much money or cheat them in a sale |
| rip-off | something that costs far more than its real value |
| bull | a market participant who expects prices to rise |
| bear | a market participant who expects prices to fall |
| to run out | to use up all of something so none is left |
| automated teller machine | a machine used for banking transactions like withdrawals and deposits |
| refund | money returned because of a return or dissatisfaction with a product or service |
Created by:
Knia
Popular TOEFL sets