Vocabulary for IELTS General Training (Band 6-7) - Finance and Currency

the official currency of Japan, abbreviated as ¥, used for financial transactions and pricing in Japan

the official currency of India and several other South Asian countries

paper money issued by a government or financial institution that is used to buy goods and services

a ten-cent coin of Canada and the US

a coin in the U.S. and Canadian currency systems that is worth 25 cents

an entry indicating an increase in assets or an expense, and a decrease in debts or income

money bet on a chance to win more

a payment or concession to encourage someone to do something specific

the amount of money that one has kept for future use, especially in a bank

a sum of money that is borrowed from a bank which should be returned with a certain rate of interest

an amount of money or a favor that is owed

a deficit in a bank account caused by withdrawing more money than is available

a sum of money that has to be paid, based on one's income, to the government so it can provide people with different kinds of public services

a bank account that allows frequent deposits and withdrawals, typically using checks, with no prior notice required

money that is lost by a company, organization, or individual

money that a person earns, daily or weekly, in exchange for their work

the condition of lacking enough money or income to afford basic needs like food, clothing, etc.

the additional money we give someone such as a waiter, driver, etc. to thank them for the services they have given us

something that is voluntarily given to someone or an organization to help them, such as money, food, etc.

a tax paid on goods imported or exported

money that a person can get in cash when buying something from a store with their debit card, which is then added to the bill they are paying

a machine that is used in restaurants, stores, etc. to calculate the overall price of something, store the received money, and record each transaction

the process or provision of financial aid for something such as a charity or cause, usually through holding special events

a regular payment made to a retired person by the government or a former employer

a person or entity that lends money to other people or organizations

a decentralized digital ledger that records transactions across multiple computers securely

a digital or virtual form of currency secured by cryptography

a decentralized digital currency