Read the text and decide which answer (A, B, C or D) best fits each space.

Ours is a vanishing world, one in which the familiar is constantly disappearing

and technological change is often difficult to cope with. So it should come
(1) ..B. no surprise to most of us to hear that yet another part of everyday life
is about to go for ever. Apparently, within the next decade, money as we
(2) it will probably (3) to exist in technologically advanced
countries. (4) Professor Gerry Montague of the Institute for Economic
Reform, the familiar coins and banknotes will soon be replaced entirely by
credit cards of various kinds. And the shop of the future will be linked directly
to the network of banking computers. The assistant will simply key in your
bank account code number and the amount you have spent, and thank you
politely. You won't have to dig (5) in your pockets for change. You may
not even have a number for your account as such, as the computer may by then
be able to read your handprint. So no more instances of credit card (6)
But I am afraid that I shall miss money. I have felt (7) attached to it, ever
since I received my first pocket (8) when I was five, and kept it in a
money-box. Even if my credit card of the future will be able to tell me exactly
how much spending (9) I have left in the computer files, even if it lights
up and plays a happy (or sad) tune at the same time, nothing will be able to
replace the (10) pleasure I gained from rattling the coins in my money-
box.
1) A with B as C to Din
2) A have B see C know D believe
3) A cease B stop Cfail D conclude
4) A With reference to B Further to C According to D Owing to
5) A f a r B long Ctall D deep
6) A deceit B trickery C pretence D fraud
7) A heavily B strongly C widely D largely
8) A cash B coins C money D gold
9) A capacity B potential C capability D power
10) A sheer B complete C entire D downright

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ADVANCED LANGUAGE PRACTICE

Match each sentence (a-i) with a sentence from (1-9) which has a similar
meaning.

a) We have to haggle. ..5 1 We have a high expenditure.

b) We have a nice little nest-egg 2 We are very thrifty.
c) We spend a lot 3 We let people borrow from us.
d) We are in debt 4 We earn according to what we sell. I
e) We don't waste money. 5 We argue about the price.
f) We are paid on commission 6 We have a high income.
g) We want a rise 7 We need higher wages.
h) We lend money. 8 We owe money.
i) We earn a lot 9 We have some savings.

Take one word from each column to complete the collocations you need for each
space.

Column A Column B
stock, tax, raise, monthly, capital, venture, account,
savings, down, household, exchange, installments, account,
current, earns, business return, interest, bills, payment
Advisor: ... and what about your bank details?
Mr Lumley: Well, I have a regular (1) ...current account. from which
we pay all our (2) such as gas and
water, and also a (3) which
(4) at a rate of 4%%.
Advisor: I notice you have a regular monthly payment of £200 going out to
JCS. What's that?
Mr Lumley: Oh yes, that'll be the settee. We made an initial
(5) of £400; then we're paying the rest
in (6) of £200.
Advisor: Right, and do you have any other savings or investments?
Mr Lumley: I have some shares invested on the
(7) , but their value has gone down to
just a few hundred pounds.
Advisor: And last time we spoke, you were talking about maybe starting a
new (8) with a colleague.
Mr Lumley: No, that's fallen through. We couldn't (9)
the necessary to satisfy the bank
manager. Probably just as well. It will make filling in my
(10) a lot easier.
Advisor: Yes, that's certainly true. It all gets very complicated if you're self-
employed ...

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 VOCABULARY 8 B U S I N E S S AND MONEY

4 Underline the two words that are appropriate in each sentence.

a) Harry has a good salary. He gains/gets/makes over £20,000 a year.
b) Mary was awarded a grant/scholarship/subsidy to study child psychology.
c) How much did you give/pay/take for your new car?
d) Their house fetched/produced/sold for a lot more than they expected.
e) I'm going to the bank to get out/remove/withdraw the money for the rent.
f) The manager disappeared with the receipts/takings/wages from the concert.
g) By the time Kate retired she was a fortunate/prosperous/wealthy
businesswoman.
h) We had a good holiday but it was rather costly/expensive/valuable.
i) Unfortunately the old painting I found turned out to be
priceless/valueless/worthless.
j) We would appreciate it if you would close/settle/pay your bill as soon as
possible.

5 Complete the fixed phrases in each space by choosing a word from the box
which collocates with the words in bold.

credit market redundant value charge fortune

investment booming retirement bankrupt

Have your shares just fallen in (1) ...value and you don't know what to
do? Or have you come into a (2) and don't know how to invest
it? Well, whether you've been made (3) or qualified for early
(4) , whether your business is (5) or you've just
been declared (6) , we are the bank for you, the caring bank.
We've got the account for you and can advise you accordingly. Come over to us
and you will be making a wise (7) We offer some of the most
competitive loans and mortgages on the (8) Provided you
maintain your account in (9) , and at a minimum level of £500,
we will offer you financial advice completely free of (10) ,
whenever you request it. Can't be bad, can it?

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ADVANCED LANGUAGE PRACTICE

6 Using the draft as a guide, complete the letter. Use one or two words in each
space. The words you need do not occur in the draft.

Draft
Dear Mrs Carter
Very sorry for any trouble re consignment 3882, which we sent two weeks late I
and then with the wrong contents - we like to think our packing is usually up
to scratch. So that there are no hard feelings, we are going to send you £200 to
make up for our mistakes. You'll find a cheque in this envelope. Please could
you contact me to let me know you've got it. Up to now we've had an excellent
relationship, which we don't want to lose. Always ready to help -
Yours, Mike Leggett
(Customer Services Assistant)

Dear Mrs Carter,

Please accept my apologies for any (1) ..inconvenience caused to you by

the late (2) and incorrect contents of consignment
3882. We pride ourselves in maintaining a consistently high
(3) of packing. As a goodwill
(4) , we are sending you £200 by way of
(5) Please find a cheque for this amount
(6) Will you be good
(7) to (8) receipt of
this cheque?

To (9) , we have had an excellent working

relationship, which we wish to maintain at all costs. We are always at
(10)

Yours sincerely,

John Barr
Customer Services Manager

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