Economy B1 Vocabulary

What is the term for the money that you save in a bank or invest in order to make a profit?

• donation

• investment

• spending

• wasting

In which type of market do goods and services have a single price and are sold by a single supplier?

• Oligopoly

• Perfect competition

• Monopolistic competition

• Monopoly

What is the term for the process of buying goods or services over the internet?

• Online shopping

• Virtual purchasing

• Cyber buying

• Digital procurement

What is the term for the money that a bank or business will allow you to use and then pay back in the future?

• debit

• loan

• cash

• credit

What is the term for the money that you borrow from a bank or other financial organization?

• rent

• donation

• loan

• gift

What is the term for the process of buying goods or services in a shop or online?

• cooking

• sleeping

• shopping

• gardening

What is the term for the money that you keep in a bank or similar institution?

• withdrawal

• investment

• loan

• deposit

In which type of market do goods and services have many different prices and are sold by many different suppliers?

• Black market

• Oligopoly market

• Competitive market

• Monopoly market

What is the term for the process of managing your money and financial transactions?

• money chaos

• financial disorganization

• financial management

• cash confusion

In which type of countries are the economy and the standard of living not as advanced as in developed countries?

• Industrialized countries

• Developing or underdeveloped countries

• First world countries

• High-income countries