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    Learn English > English lessons and exercises > English test #124461: Vocabulary: growth - recession and banks
    > Other English exercises on the same topics: Banks, money | Frequent mistakes | Idioms [Change theme]
    > Similar tests: - Placement test beginners: Check your spelling - Past simple or present perfect - Although / in spite of / despite - Differences between Like and As - Again/ back - FOR and its use - Do or Make? - Do-don't-does-doesn't
    > Double-click on words you don't understand

    Vocabulary: growth - recession and banks


    The whole world is at present going through an economic and social crisis. Consequently, we are daily confronted to "technical" [ economic and financial] vocabulary... These words and expressions will, I hope, help you understand what you hear or read and express yourselves better.





                                                         A downturn in sales... 

     Growth                               The growth rate 
     To boom   The economic boom                        

     A boom in sales

     A boom in production                 


     The recession/

     The slump

     The stagnation   The budget deficit 

     A trade deficit 

     A trade gap

      A downturn in sales 
     Economic   A slump in demand

    : economical= avoiding waste, being thrifty.



                            To boost                                                                          Austerity measures                                                          

     An economic package                                         Austerity measures 
     To boost  

     To boost the economy

     To reflate the economy 

     Reflation   Reflationary measures 
     The economic recovery                         The economic revival 
     The economic revival   Inflation/ inflationary 
     Deflation   Devaluation// Revaluation                 
     To devalue  To revalue 


    II) BANKS: play an important role at the service and the citizens of the different countries in the world.




     High finance                                                              Banking/ a banker 

     A (bank) note (GB)

     A (treasury) bill (US)

     A fifty-dollar bill                                        A two-euro coin 
     The change   To give sb change for $50               
     To get change   Small change 



              A note and coins...

     A bank account                                                               

     A current account (GB)

     A checking account (US) 

     A savings account (GB)       

     A deposit account (US)


     To open/ close  an account

     with a bank

     Where do you bank?   I bank with them...  
     A credit card   A cheque(GB)/ a check (US)       
     A cheque for £50  A chequebook/ check book 
     To write a cheque  To make a cheque out to sb
     The cheque bounced   = A bad/ dud / cheque 
     To cash a cheque  To make a deposit 
     To deposit £900 on one's account                      To pay a cheque into an account 
     To withdraw money from one's account
      To draw money from one account          





     A credit/ debit balance  A (bank) statement 
     A debtor/ creditor  To have an overdraft/ to be overdrawn             
     to be in the red   Bank charges 
     To lend something to somebody   A loan 
     A mortgage  To borrow money from sb
     A security on a loan  To repay something 
     Funds   An investment/ investor 
     To yield 4% interest  To give a good return
     A bank clerk   A cashier/ a teller
     A safe/ a strong box(GB)/ a safe deposit box (US)                                                The strongroom/ the vault 




                      A strongroom/ a vault                                       A cashpoint/ a cash dispenser(GB)/ an automatic teller(US)


    Some words look quite technical, it's true... But in fact, they belong to the usual and daily vocabulary you should know... Go for it!


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    1. 'Sorry, I haven’t brought a pen. Can you , please?'

    2. 'Yes, I bought this house 4 years ago, but I still have to pay a monthly for at least ten years.'

    3. 'I am allowed to use a moderate , but I really don’t like the idea of living on credit.'

    4. 'If you’re really short of money just now, you know that you can , but not more.Sorry!'

    5. Paul’s latest cheque , he had to pay cash and was given a penalty immediately.

    6. All over the country, but especially in the capital, there was a in the building trade after the financial crash.

    7. After the crisis, everyone was expecting of the country and a long period of sacrifices.

    8. The members of the new government have planned an in which the most vulnerable people will be helped.

    9. 'Can you please for the vending machine?'

    10. 'In this bank, your savings are secure, yet available, and will a reasonable interest.'




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