Where Does Money From Tanf Come From

Check your vocabulary for TOEFL

Coin AND FINANCE

Complete sentences and paragraphs 1 – xx with a word or expression from the box. In each case, the word / expression you need is connected in some way with the word in bold in the same judgement / paragraph (for example, it might take a similar pregnant, it might be an opposite, or it might be a discussion that is sometimes confused with that give-and-take). In some cases you might demand to alter the form of the word in the box.

balance bank bankrupt deal bill borrow broke broke cash check cost of living credit carte du jour credit debt debit deposit discount distribution of wealth dividends economical economize exorbitant expenditure extravagant frugal income income tax inflation inherit insolvent interest in the blackness in the ruby invest investment invoice lend loan loss market mortgage on credit overcharged overdraft overpriced pension priceless profit receipt reduction refund salary save savings and loan association shares statement stocks tax / rent (etc) rebate undercharged unemployment / housing / child (etc.) welfare wage wealthy welfare withdraw worthless

1	Income is the money you receive (your wage or salary is part of your income), and _____________refers to the coin you spend.
2	If you lend money, yous let someone use your money for a certain period of fourth dimension. If you _____________ money, y'all take someone's money for a curt time, and and so you pay it back.
3	A discount is the percentage past which a full price is reduced in a store. A _____________ is money paid back to a customer when, for instance, they return something to a store.
iv	If a person or company is insolvent , they have lost all their money. If a person or company is _____________, they have lost all their coin, have and then borrowed a lot, and cannot pay it back.
5	A banking company argument is a detailed written document from a bank showing how much money has gone into and come up out of a banking concern account. A _____________ is the amount of money yous have in your bank business relationship.
half-dozen	If your bank account is in the cherry , the corporeality of money you accept spent is greater than the coin you have made, and so you accept less than $0 in your bank account. If your account is _____________, yous have more than $0 in your bank account.
7	An invoice is a note, or bill, sent to y'all to ask for payment for goods or services, and a _____________ is a annotation (from a store, for instance) which shows how much you have paid for something.
8	When you make a profit , yous proceeds money from selling something which is more than the money you lot paid for it. When you brand a _____________, you have spent money which you have not gotten back.
nine	Something which is overpriced is likewise expensive. Something which is _____________ costs much more than than its true value.
ten	If you lot save money, yous go along it so that you tin can use it subsequently. If you lot _____________ coin, y'all put it into property, stocks, etc., so that it will increase in value.
eleven	A wage and a _____________ are both money you receive for doing a chore, but the first is ordinarily paid daily or weekly and the 2nd is usually paid monthly.
12	A worthless object is something which has no value. A _____________ object is an extremely valuable object.
13	If you eolith money in an business relationship, y'all put coin into the account. If yous _____________ money, you take it out of your business relationship.
14	If y'all have been undercharged , y'all have paid less than you lot should accept for goods or services. If you have been _____________, you have paid too much.
15	Extravagant describes someone who spends a lot of money. _____________ describes someone who is conscientious with coin.
sixteen	A bill is a piece of newspaper showing the corporeality of money that you have to pay for goods or services. A _____________ is the aforementioned thing, only shows what you lot have to pay after a meal in a restaurant.
17	When yous credit an account, yous put coin into it. When you _____________ an account, you take coin out of it.
18	A bank is a concern which holds money for its clients, and deals with money mostly. A _____________ is similar, but is usually used by people who want to save money, or to infringe money to buy a house.
19	A loan is money that you borrow from a bank to buy something. A _____________ is similar, but in this case the money is only used to buy property.
20	A loan is money that you lot borrow from a bank, where a formal organisation has been made with the bank to borrow it. An _____________ is the amount of coin that yous take out of your bank account, which is more than than there is in your account. It is ordinarily washed without making a formal arrangement with your bank.

Exercise 2

Utilise your lexicon to check the meanings of the other words and expressions in the box. Annotation that many of them can have more than one grammatical function without changing their grade (for example, balance tin exist a noun and a verb). Also note that some of the words can accept more than than ane meaning (for example, a nib is a banknote, and it is besides a piece of paper showing you lot how much y'all take to pay for a product or service).

Exercise 3

Complete this conversation with appropriate words and expressions from the box in Practice 1. You may need to change the grade of some of the words.

"Financial communication from a male parent to a son"

In the play "Hamlet" by William Shakespeare, a father gives his son some financial advice. "Neither a borrower nor a lender be", he says. He is trying to tell his son that he should never (1) _____________ money from anyone considering it will make information technology hard for him to manage his finances. Likewise he should never give a (two) _____________ to a friend because he volition probably never see the money over again, and will probably lose his friend as well.

The play was written over four hundred years agone, only today many parents would requite like advice to their children. Imagine the chat they would have now.

Jim:	Right dad, I'm off to college at present.
Dad:	All right son, just allow me give you some sound financial communication earlier you lot go.
Jim:	Oh come on dad…..
Dad:	Now listen, this is important. The first thing y'all should do is to make certain yous balance your (3) _____________ – the coin you receive from me and mom – and your (4) _____________ – the coin y'all spend. If you spend too much, you will end up with an (v) _____________ at the bank. Don't await me to pay information technology for yous.
Jim:	Just it's so difficult. Things are so expensive, and the (6) _____________ goes upwardly all the time. (7) _____________ is running at almost 10%.
Dad:	I know, but you should try to (viii) _____________. Avoid expensive stores and restaurants. As well, leave your coin in a good local (nine) _____________ account . They offering a much college rate of (10) _____________ than banks. Also, avoid buying things (11) _____________.
Jim:	Why?
Dad:	Because some stores charge you an (12) _____________ amount of money to buy things over a menstruation of time. It's much better to (13) _____________ a footling chip of coin each week so that when you lot run into something you want, you can buy information technology outright. Try to wait for the sales, when stores offer huge (fourteen) _____________ and you tin pick up a (15) _____________. And try to get a (sixteen) _____________.
Jim:	How practise I do that?
Dad:	Easy. When you buy something, ask the store if they'll lower the cost by, say, 10%. Next, when you eventually get a job and are earning a good salary, endeavor to (17) _____________ the money in a skilful visitor. Buy (18) _____________ in authorities organizations or (19) _____________ in individual companies.
Jim:	OK dad, I've heard plenty. Thanks for the advice. It'southward been (twenty) _____________.
Dad:	Well, information technology's truthful what they say: there are some things that money only can't buy.

Practice 4

Now attempt this essay. Apply words and expressions from the vocabulary box in Exercise 1, and whatsoever other words or expressions that you recall would be relevant.

Some people say that "Coin makes the world become round"; others say that "Coin is the root ofall evil". Which of these exercise you concord with? Use examples and details in your respond.

ANSWER Primal