I. Match up the definitions with the expressions they refer to.

   

   EXCISE DUTY, DOWNSWING, BRIBERY, WHISTLE BLOWING, AFFLUENT, AUSTERITY,  LENDER OF LAST RESORT,
   MONETARY POLICY, TAX AVOIDANCE, BOOM, MOONLIGHTING, PURCHASING POWER, DOWNSIZING, OUTSOURCING,
   BANK RUN, TAX EVASION, FISCAL POLICY, SALES TAX

   

    1. DECREASING THE NUMBER OF PERMANENT EMPLOYEES
    2. REVEALING CONFIDENTIAL INFORMATION TO THE POLICE OR TO A NEWSPAPER
    3. A PANIC IN WHICH DEPOSITORS ALL TRY TO WITHDRAW THEIR MONEY FROM A BANK
    4. REDUCING THE AMOUNT OF TAX YOU PAY TO A LEGAL MINIMUM
    5. THE WAY IN WHICH GOVERNMENTS CONTROL THE ECONOMIC CONDITIONS OF A COUNTRY BY INCREASING OR
       REDUCING THE MONEY SUPPLY
    6. A TAX ON CERTAIN GOODS AND SERVICES SOLD WITHIN A COUNTRY, SUCH AS ALCOHOL AND TOBACCO
    7. THE VALUE OF A CURRENCY AT A PARTICULAR TIME
    8. AN ABSENCE OF LUXURY OR COMFORT
    9. A PERIOD WHEN DEMAND IS RISING AND ECONOMY IS WORKING CLOSE TO CAPACITY
   10. HAVING A SECOND JOB THAT YOU DO SECRETLY, USUALLY WITHOUT PAYING TAX ON THE EXTRA MONEY
       THAT YOU EARN

   

   

   II. Complete the sentences with correct form of the following verbs:

   

   LAY OFF, CONCEAL,  COERCE, IMPOSE, SUSPEND, APPRECIATE, RUN UP (DEBT), ABANDON, BRING ABOUT,
   AFFECT

   

    1. How had he managed to ______________ so many debts?
    2. A new tax _______________ on fuel.
    3. Major spending is required to ____________ substantial improvements in housing.
    4. Production has ______________ while safety checks are carried out.
    5. He claims he _____________ into admitting his guilt.

   

   III. Translate into English:

   1. Vlády, které nejsou schopny si peníze vypůjčit, se musí uchýlit k zvýšení daní, aby mohly
   financovat své výdaje.

   

   2. Euro, jako skutečná měna, vznikla v roce 2002, kdy ve dvanácti členských zemích  došlo ke
   stažení starých mincí a bankovek z oběhu.

   

   

   IV. Put the verbs and any other words in brackets into the correct form. You may add the
   necessary auxiliary verbs, prepositions and particles. Use the verbs in the brackets in the
   given order.

   

   1. She (overhear, they, talk) the closure of the factory.

   2. We (object, the copany, build)  a petrol station  in our road.

   3. It (amuse, I, think, he, sit) at a desk in a suit and tie.

   4. It (cost, I) a fortune, but I (not regret, spend) a year (travel) around the world.

   5. You (arrange, the bed, deliver) or I (collect) it ?