新编剑桥商务英语(高级)第三版5.1

5.1Money and finance VOCABULARY Money expressions

1How do you interpret this quotation?

‘Money often costs too much.’

Ralph Waldo Emerson, Essayist

2Complete these flow charts. Use the words in the box.

1 borrow money→________ mone y→pay back money

2 _______ mone y→charge interes t→make a profit

3 order goods→be _______ for the goods→pay for the goods

4 _______ money on a horse→win mone y→collect your winnings

5 _______ money in shares→earn interes t→buy more shares

6 go to the bank→________ some mone y→spend the money

7 put your car up for sal e→receive an offe r→_______ a deal

8 find a car you want to buy→negotiate a discount→________ money

9 _______ business→make a profit→reinvest the profit

10 be short of money→take out a loa n→_______ the loan

3What’s the difference between the following?

1 win money and earn money

2lend and borrow money

3 spend and waste money

4 costs and is worth￡300

SPEAKING A bank loan

4Work with a partner. Take the roles of bank manager and

loan applicant and act out the conversation. Look at the

notes and plan what you are going to say.

LISTENING A culture of debt

5Discuss these questions.

1 Is it easy to get credit in your country, for example, to

buy a house, a car, a new TV?

2 Is consumer confidence high at the moment? Why? /

Why not?

Exam Success 3 What is people’s general attitude to borrowing in your

country?

Your answer will be

exact word-for-word 6 You will hear part of a lecture given by an economist to phrases from the a group of bankers and economists. In it she describes listening text. They the impact of Alan Greenspan’s economic policy on must be spelt the US and global economies. A friend who can’t attend correctly has asked you to take some notes. Before listening

predict the kind of words that will go in each space.

7 Listen and complete the notes below. Use up to three

words in each space.

Business MAGAZINE THE LEGACY OF ALAN GREENSPAN

The background

1 Alan Greenspan changed people’s attitudes to ________________.

2 People have been against borrowing money since _____________.

3 Now young people take out loans to pay their way through_________.

4 For many homeowners it’s normal to have a second _________.

The current lending market

5 Credit is easy and interest rates are_________.

6 Banks often lend money _________.

7 In some states it’s possible to get a Mortgagee with no ________.

Reasons for this policy

8 As long as people are spending,_________.

9 In Germany, in times of uncertainly people tend to _________.

The future

10 In 2005 American personal debt was_________________.

11 Some people say we are sitting on _____________.

12 Asset values will not continue to rise ______________.

8Do you think a policy of borrow and spend helps the economy? Or

do you think sooner or later there will be a debt crisis?

9 Explain the following financial terms from the text.

1 to remortgage your home

2 to make a down-payment

3 asset values will crash

4 to be in negative equity

5 64 trillion dollars

GRAMMAR Expression of comparison

1Underline the expressions of comparison and the adverbs /

prepositions that go with them.

0Warsaw is much cheaper than Oslo.

1 I find the train more comfortable than the bus.

2 Wal-mart is the biggest food retailer in the USA.