Zaslal(a): Natalia V.
When you’re in the shop, they ask you, how do you want to pay, and you say I fit is in cash, by cheque or by credit card.
In a bank, you usually have a current account, which is one where you pay in your salary and then withdraw the money to pay your everyday bills. The bank sends you a regular bank statement telling how much money has gone in and out of your account. You may also have savings account, where you deposit any extra money that you have and only take money out when you want to spend it on something special. If you spend more than you have in your account, you can have an overdraft. The bank allows you to spend more and charges you and interest. If your account is overdrawn, you are in the red (opposite to in the black). Sometimes the banks may lend you money-this is called bank loan. If the bank (or the building society lends you money to buy a house, that money is called mortgage.
When you buy (or purchase) something in a shop, you usually pay for it outright but sometimes you buy on credit. Sometimes you can be offered a discount or a reduction on something you buy. For example you can get 100 crowns off cause you are a student. You are often offered a discount if you buy in a bulk. It’s not usual to haggle about prices in a British or Czech shop, but in Turkey for example, it’s normal. If you want to returns something that you bought to a shop, you may be given a refund, but on one condition-that you have a receipt.
The money you pay for services is usually called a fee or fees, the money you pay for journey is a fare. If you buy something that you think is a very good value, it’s a bargain. If you feel it definitely wasn’t worth it, it’s a rip-off.
The government collect money from citizens through taxes. Income tax is the tax collected on wages and salaries. Inheritance tax is collected on what people inherit from others. Customs has to be paid on goods imported from other countries. VAT –value added tax– is a tax paid on most of the goods and services when they are bought or purchased. Companies pay corporation taxes. If you pay too much tax, you should be given some money back, a tax rebate.
The government also sometimes pays out money to people in need-unemployment benefit (also known as the dole), disability allowances and student loans. The recipients are on social security.
Every country has its own currency. Every day the rates of exchange are published and you can discover how for example dollar is standing to euro.