The TOEIC (Test of English for International Communication) is an English language proficiency test designed to assess the English language skills of non-native speakers in a business or professional context. The test is widely used by organizations around the world to evaluate the English language skills of job candidates, employees, and students.
The TOEIC test consists of two parts: the TOEIC Listening and Reading Test and the TOEIC Speaking and Writing Test. The TOEIC Listening and Reading Test is a paper-and-pencil test that consists of multiple-choice questions, while the TOEIC Speaking and Writing Test is a computer-based test that consists of spoken and written responses to prompts.
The test is designed to measure a wide range of English language skills, including listening comprehension, reading comprehension, speaking ability, and writing ability. Overall, the TOEIC is a widely recognized and respected English language proficiency test that is used by organizations around the world to evaluate the English language skills of non-native speakers.
Q&A Topic: Money Matters
Money matters are an integral part of our daily lives, and managing them effectively is crucial to achieving financial stability and security. Money matters include everything from budgeting, saving, investing, and managing debt to making financial decisions, such as purchasing a home, car, or other major assets.
One of the most important aspects of money matters is creating and sticking to a budget. A budget helps individuals and households track their income and expenses and identify areas where they can cut back on unnecessary spending. By living within their means and avoiding debt, individuals can ensure their financial security and build wealth over time.
Saving is also a critical component of money matters. By setting aside money regularly in a savings account, individuals can prepare for emergencies and unexpected expenses, as well as save for future goals, such as a down payment on a home or a child’s education.
Investing is another key aspect of money matters. By investing in stocks, bonds, or other assets, individuals can grow their wealth over time and achieve their long-term financial goals. However, investing also involves risk, and individuals should carefully consider their investment options and seek the advice of a financial professional before making any major investment decisions.
Managing debt is also a crucial part of money matters. While some debt, such as a mortgage or student loans, can be beneficial in the long run, excessive debt can be a major burden and prevent individuals from achieving their financial goals. By prioritizing debt repayment and avoiding high-interest loans, individuals can reduce their debt over time and improve their financial health.
Overall, money matters are essential to achieving financial stability and security. By managing their money effectively, individuals can build wealth, achieve their financial goals, and enjoy a more secure and fulfilling life.
Here are some questions that can help you to clear the TOEIC exam:
Q1 Even after their recent heavy expenses, they still found there was a healthy ____________ in their bank account.
(a) rest
(b) remainder
(c) balance
(d) basis
Answer: (c) balance
Q2 As the builder wanted cash for the work he had done, she had to go to the bank personally to ____________ the money herself.
(a) take off
(b) take out
(c) take over
(d) take in
Answer: (b) take out
Q3 It was considered a very good time to apply for a ____________ to buy the house because interest rates were very low.
(a) pledge
(b) promise
(c) mortgage
(d) borrowing
Answer: (c) mortgage
Q4 Before they could borrow a large sum of money to buy the house, they had to make sure they had enough money to be able to make a ____________ payment.
(a) down
(b) through
(c) low
(d) base
Answer: (a) down
Q5 All the ____________ you make on your internet account are recorded so that you can check the details at any time.
(a) movements
(b) deals
(c) activities
(d) transactions
Answer: (d) transactions
Q6 I’m afraid this cheque will be of no value until you have put your ____________ on it.
(a) signature
(b) signs
(c) signing
(d) signed
Answer: (a) signature
Q7 The bank refused to ____________ the money order because the customer had no proof of identity.
(a) receive
(b) take
(c) accept
(d) enter
Answer: (c) accept
Q8 Under the rules laid down by the bank there is a ____________ on the amount of money you can get out from a cash machine in any one day.
(a) limiting
(b) restriction
(c) restricting
(d) limitation
Answer: (b) restriction
Q9 The bank clerk at the counter did not know the customer and in view of the large amount of money involved was naturally ____________ about paying out the sum on the cheque.
(a) concerned
(b) careful
(c) conscious
(d) cautious
Answer: (d) cautious
Q10 The bank will simply not let you ____________ any money unless you can prove that you have been in regular employment for at least three years.
(a) lend
(b) loan
(c) borrow
(d) remove
Answer: (c) borrow
Q11 Good ____________ procedures are very important if you want to run a business profitably and successfully.
(a) accounted
(b) accounting
(c) accounts
(d) accountants
Answer: (b) accounting
Q12 The Company fell heavily into ____________ when it took on too many customers and offered them all cheap warranties.
(a) debt
(b) debts
(c) owing
(d) owes
Answer: (a) deb
Q13 Once you have built up your company, you must remember to keep in touch with your original ____________.
(a) people
(b) contributors
(c) clients
(d) members
Answer: (c) clients
Q14 Each department within the organization is given a ____________ within which it has to remain for the whole year.
(a) sum
(b) money
(c) dividend
(d) budget
Answer: (d) budget
Q15 When the time came to close the business down, its entire ____________ had to be calculated so that the creditors could be paid off.
(a) earnings
(b) assets
(c) accumulation
(d) asset
Answer: (b) assets
Q16 The manager called in her chief clerk because she could not ____________ the figures on the monthly spreadsheet.
(a) acquaint
(b) resolve
(c) reconcile
(d) recognize
Answer: (c) reconcile
Q17 Every year the college finance officer did not look forward to the visit from the government official who came to ____________ the accounts.
(a) order
(b) regulate
(c) control
(d) audit
Answer: (d) audit
Q18 It was a great relief to Charlie when he realized that he had come to the end of his agreement with the bank and there was only one ____________ payment left.
(a) extraordinary
(b) upstanding
(c) outstanding
(d) standing
Answer: (c) outstanding
Q19 The building society sent a letter to all its savers and ____________ that there would be a reduction in the interest rate.
(a) lenders
(b) borrowers
(c) loans
(d) takers
Answer: (b) borrowers
Q20 Shortly after the couple had bought their first house, they saw the number of bills ____________ rapidly.
(a) accentuate
(b) aggravate
(c) accumulate
(d) access
Answer: (c) accumulate
Q21 The representative of the financial consultants assured her that the policy of the firm was that of complete ____________.
(a) destiny
(b) devotion
(c) commitment
(d) attention
Answer: (c) commitment
Q22 There is no need to worry about the money side of the project because ____________ are available from the charity sponsoring us.
(a) foundations
(b) funds
(c) findings
(d) finds
Answer: (b) funds
Q23 The present finance minister has adopted a very ____________ approach towards change and always follows a very cautious policy.
(a) concerned
(b) considering
(c) concerning
(d) conservative
Answer: (d) conservative
Q24 As all advisers always do, she stressed that investing in this particular market had to be considered as a ____________ commitment over at least 10 years.
(a) elongated
(b) lengthy
(c) long-term
(d) longing
Answer: (c) long-term
Q25 The best way to develop an income for the future is to invest in a series of companies and in that way to build up a ____________.
(a) suitcase
(b) portfolio
(c) folder
(d) briefcase
Answer: (b) portfolio
Q26 I strongly recommend investing in these shares because you will get a very good ____________ after only a few years.
(a) reward
(b) reprise
(c) return
(d) response
Answer: (c) return
Q27 The question is whether it is ____________ to sell up all your shares at this stage rather than wait to see how the market is next year.
(a) wisdom
(b) wise
(c) wisely
(d) wisest
Answer: (b) wise
Q28 There is no question that the most important ____________ in that company is its youthful enthusiasm.
(a) resort
(b) resorted
(c) resource
(d) resorting
Answer: (c) resource
Q29 If you want to make a good job of selling shares to the public, you must have an element of ____________in your approach.
(a) attacking
(b) aggression
(c) fighting
(d) invasion
Answer: (b) aggression
Q30 It’s a personal matter whether you choose stock from this company or from that because in the end it’s an ____________of mind.
(a) advance
(b) approach
(c) attitude
(d) angle
Answer: (c) attitude
Q31 There is one date you mustn’t forget and that’s the ____________ for sending in details of your earnings to the tax office.
(a) headline
(b) deadline
(c) mainline
(d) offline
Answer: (b) deadline
Q32 If you are self-employed, you must make sure that you ____________ the form indicating how much you have earned.
(a) fill up
(b) fill through
(c) fill out
(d) fill on
Answer: (c) fill out
Q33 If the department agrees that you have paid too much tax in the year, you will receive a ____________ in due course.
(a) return
(b) reply
(c) response
(d) refund
Answer: (d) refund
Q34 Each month when you receive your pay, the employer ____________ a certain amount to pay towards your pension.
(a) withholds
(b) withstands
(c) withdraws
(d) without
Answer: (a) withholds
Q35 When you take out a loan, you have to pay interest on the amount you ____________.
(a) own
(b) lend
(c) owe
(d) take
Answer: (c) owe
Q36 In the tax office there will be a ____________ that holds all the documents and papers connected with you.
(a) file
(b) box
(c) book
(d) container
Answer: (a) file
Q37 There is quite a heavy financial ____________ attached to any action that involves late payment of taxes.
(a) punishment
(b) pain
(c) restriction
(d) penalty
Answer: (d) penalty
Q38 Under the new regulations you can agree yourself to ____________ the tax you have to pay on the income over the previous year.
(a) figure
(b) calculate
(c) add
(d) amount
Answer: (b) calculate
Q39 As the couple had a ____________ account, the money to pay the mortage was taken from there.
(a) joint
(b) united
(c) unified
(d) joined
Answer: (a) joint
Q40 You can decide, if you so wish, to ____________ your right to take your pension at an earlier date.
(a) give in
(b) give up
(c) give out
(d) give off
Answer: (b) give up
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