ABSTRACT

Task 1: Use a dictionary to find the differences between the words and expressions in bold in the following groups.

make a profit and make a loss

extravagant and frugal/economical

a current account and a deposit account

a loan and a mortgage

to deposit money and to withdraw money

a wage and a salary

broke and bankrupt

shares, stocks, and dividends

income tax and excise duty

to credit and to debit

a bank and a building society

a discount and a refund

something which was a bargain, something which was overpriced and something which was exorbitant

worthless and priceless

save money and invest money

inflation and deflation

income and expenditure

to lend and to borrow