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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
[noun]

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

Ex: The value of the currency dropped significantly after the announcement .
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cash
[noun]

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

Ex: The store offers a discount if you pay with cash.
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coin
[noun]

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

Ex: The government decided to issue a new coin to commemorate the upcoming national holiday .
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dollar
[noun]

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

Ex: The parking fee is five dollars per hour .
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pound
[noun]

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

Ex: The train ticket to Manchester is seventy pounds.
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euro
[noun]

the money that most countries in Europe use

Ex: The price of the meal is ten euros.
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cent
[noun]

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

Ex: The total bill came to three dollars and forty cents.
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penny
[noun]

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

Ex: The loaf of bread cost eighty pennies.
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credit
[noun]

the amount of money that a bank or credit card company lends to a client, often with the expectation of repayment with interest

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

Ex: We earn reward points every time we use our credit card.
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deposit
[noun]

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

Ex: The travel agency asked for a deposit to confirm their spots on the upcoming cruise .
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wallet
[noun]

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

Ex: She kept her money and credit cards in her wallet.
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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: The restaurant does n't accept checks, only cash or cards .
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wealth
[noun]

abundance of money, property or valuable possessions

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

Ex: She used the ATM to withdraw cash while traveling abroad.
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Vocabulary for IELTS General Training (Band 5)
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