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Vocabulary for IELTS General Training (Band 5) - Finance and Currency

Here, you will learn some English words related to Finance and Currency that are necessary for the General Training IELTS exam.

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Vocabulary for General Training IELTS (5)
currency
currency
[noun]

the type or system of money that is used by a country

Ex: The euro is the official currency of many countries in the European Union. 
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cash
cash
[noun]

money in bills or coins, rather than checks, credit, etc.

Ex: He always keeps a little cash in his wallet for emergencies. 
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coin
coin
[noun]

a piece of metal, typically round and flat, used as money, issued by governments

Ex: She found a rare coin from the 19th century while cleaning out her grandfather's attic. 
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dollar
dollar
[noun]

the unit of money in the US, Canada, Australia and several other countries, equal to 100 cents

Ex: I need to break this twenty dollar bill into smaller ones. 
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pound
pound
[noun]

the currency of the UK and some other countries that is equal to 100 pence

Ex: I exchanged my dollars for pounds before my trip to London. 
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euro
euro
[noun]

the money that most countries in Europe use

Ex: I exchanged my dollars for euros before my trip to Europe. 
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cent
cent
[noun]

a unit of money in some countries, equal to one hundredth of a dollar or euro

Ex: He dropped a few cents into the musician's guitar case. 
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penny
penny
[noun]

a unit of currency or coin used in several countries, equal to one hundredth of a dollar or pound

Ex: He found a lucky penny on the sidewalk. 
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credit
credit
[noun]

the ability to obtain goods, services, or funds based on trust, allowing payment to be deferred

Ex: She bought the laptop on credit and will pay in installments. 
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credit card

a plastic card, usually given to us by a bank, that we use to pay for goods and services

Ex: He applied for a new credit card with a lower interest rate. 
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deposit
deposit
[noun]

a sum of money that is paid before paying a total amount, particularly when buying something that is expensive

Ex: To secure the apartment, they had to pay a deposit of one month's rent upfront. 
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wallet
wallet
[noun]

a pocket-sized, folding case that is used for storing paper money, coin money, credit cards, etc.

Ex: He reached into his back pocket and pulled out his wallet. 
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check
check
[noun]

‌a printed form that we can write an amount of money on, sign, and use instead of money to pay for things

Ex: He received a check for the sale of his old car. 
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wealth
wealth
[noun]

abundance of money, property or valuable possessions

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automated teller machine

a machine that allows customers to perform financial transactions such as withdrawals, deposits, transfers, etc.

Ex: The bank installed a new ATM in the shopping mall. 
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