invest money, you put it into property,
shares etc. so that it will increase in value.
16.
Inflation is a state of economy where prices and wages increase.
Deflation is a reduction of economic activity.
17.
Income is the money you receive.
Expenditure is the money you spend.
18. If you
lend money, you let someone use your money for a certain period of time. If you
borrow money from
someone, you take money for a time, usually paying interest.
B. 1. F 2. I 3. L 4. E 5. J 6. K (the
Inland Revenue is a British government department dealing with tax) 7. C 8. H
9. G 10. A 11. B 12. D
C. 1. borrow 2. loan 3. income 4. expenditure 5. overdraft 6. cost of living 7. Inflation 8. economise 9. building
society 10. Interest 11. on credit 12. exorbitant 13. save 14. reductions 15. bargain 16. discount 17. invest
18. stocks 19. shares
Other words and expressions which you might find useful include: Cash / cheque / credit card / statement / overdrawn / receipt / customs / inheritance tax / corporation tax / disability
allowance / social security / currency / rate of exchange / investment / wealthy / debt / upwardly or downwardly mobile
equity / negative equity
Page 63 Politics answers A. 1. democracy 2. independence (the adjective is
independent ) 3. candidate 4. totalitarian 5. authoritarian
6. technocrats 7. opposition 8. republic 9. sanctions 10. House 11. ideology 12. Parliament
The word in the shaded vertical strip is ‘dictatorship’
The British Parliament is divided into two houses. These are:
1. The House of Commons. This is the lower house, which is made up of 659 elected members who are known
