1. Vocabularies of Chapters 35-39 Jeffrey Amy Una Enya

2. Chapter 35 Personal Finance

3. high Street (Ame: main street) The main street of a town, where most shops/ stores, banks, etc. are. Ex: high-street backs/ shops

4. current account (Ame: checking account) A type of back account that you can take money out of at any time, and that provides you with a chequebook and cash card– compare DEPOSIT ACCOUNT, SAVING ACCOUNT.

5. deposit account A type of account at a bank that pays interest on money that is left in it.

6. debit card A card that can be used to take money directly from your bank account when you pay for something.

7. be in the black To have money, for example in you bank account. EX: The company has managed to stay in the black for the year ending December 31.

8. go into the red Ex: We have spent too much money, so the company will go into the red this month.

9. plastic (credit card) Ex: Buying with plastic is very convenient.

10. pay off To finish paying money owed for sth. Ex: We paid off our mortgage after fifteen years.

11. mortgage A legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years.

12. bank statement A printed record of all the money paid into and out of a customer’s bank account within a particular period.

13. building society (Ame: saving and loan association) An organization like a bank that lends money to people who want to buy a house. People also save money with a building society.

14. demutualized (adj.) To convert to a stockholder-owned corporation.

15. unit trust (Ame: mutual fond) A company that offers a service to people by investing their money in various different business.

16. pension An amount of money paid regularly by a government or company to sb who is considered to be too old or too ill to work. Company pension scheme State pension

17. Chapter 36 Financial Centres

18. financial centre Is a global city that is a company and business hub, as well as being home to many world famous backs and/or stock exchanges. Ex: There are several vital financial centres such as London, New York City, Hong Kong, and etc.

19. speculator A person who buys and sells goods or shares in a company in the hope of making a profit. property/ currency speculator

20. broker A person who buys and sells things, for example, shares in a business, for other people. Stockbroker

21. bourse (French) A stock exchange, esp. the stock exchange of certain European cities.

22. Chapter 37 Trading

23. Vocabulary: Index Meaning: A number or symbol indicating an operation or relationship NASDAQ index can show the operation of hi- tech in America.

24. Vocabulary: Turnover Meaning: The volume measured in dollars Starbucks’ turnover continues to rise.

25. Blue Chip Meaning: The famous companies have many funds, and it can earn a lot of profit. Microsoft is one of the blue chips in America.

26. Bull market Meaning: A market characterized by rising prices for securities The bull market can increase the confidence of the investor.

27. Bear Market Meaning: A market characterized by falling prices for securities Investors sell their shares in bear market.

28. Panic selling Meaning: Investors sell their shares in bear market as fast as they can There was panic selling on the New York Stock Exchange today because of the bear market.

29. Vocabulary: Rally Meaning: A marked recovery of strength Investors are pessimistic when they know that there is no sign of a rally.

30. Chapter 38 Indicators 1

31. Inflation (N.) ex: The rate of inflation is was 10%(=prices rose by 10%) last year.

32. Vocabulary Import (V.) ex: A high inflation rate imports hard times for consumers. (N.) ex: Electronic products are the major import from Japan. Export (V.) to send goods out of country for sale ex: We export rice but import wheat. (N.) ex: Wool is one of the chief exports of Australia.

33. Vocabulary Trade surplus  am amount more than what is needed or used ex: Japan's trade surplus increased rapidly over the last few years. Trade deficit  am amount by which something is less than what is needed ex: The directors have reported a deficit of one million.

34. Vocabulary GDP= gross domestic product  It is the value of all the goods and services produced in a particular country. GNP= gross national product  It is also includes payments from abroad, for example, from investments.

35. Growth is when output in the economy increases. And, the growth rate is the speed at which a company’s economy grows and gets bigger.

36. Chapter 39 Indicators 2

37. Going Up Advance raise The price of houses is advancing. Skyrocket to rise abruptly and rapidly; to increase dramatically Petrol prices are going to skyrocket by a lot. Soar the amount, value, level, or volume of something quickly increases by a great deal The temperature in the south will soar into the hundreds. Surge a sudden large increase in something that has previously been steady Specialists see various reasons for the recent surge in inflation.

38. Going Down Axe cut down; put an end to The budget has been axed by half. Ease the state of being very comfortable The relationship between these two countries has eased. Plummet fallen; plumb This semester sedan sales plummet. Slash make drastic economies in The government has decided to slash taxes. Dive steep descent EURO dives to new lows.

39. Peaks and Troughs Peak a figure reaches its highest level The crisis peaked in July 1974. Trough a figure reaches its lowest level American bank shares have risen by 60% since their trough last October.

40. Boom and Bust Stagnation the business or society became inactive or unchanging; used showing disapproval The stagnation of the steel industry. Stagflation an economy is suffering inflation but there is no corresponding increase in demand for goods or in employment Stagflation can be a harbinger of economic depression. Recession the period when the economy of a country is doing badly, for example because industry is producing less and more people are unemployed His factory closed down during the period of economic recession.