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TOEFL® Vocabulary Flashcard

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Economy
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currency
Can you define this word? /cur-ren-cy/ [k.er1.ah0.n.s.iy0]
currency star_border
/cur-ren-cy/ [k.er1.ah0.n.s.iy0]

Definition: monetary unit; cash

Example sentences:

  • Most purchases in foreign countries must be made in the local currency.


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inflation
Can you define this word? /in-fla-tion/ [ih2.n.f.l.ey1.sh.ah0.n]
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inflation star_border
/in-fla-tion/ [ih2.n.f.l.ey1.sh.ah0.n]

Definition: A general increase in prices and fall in the purchasing value of money

Example sentences:

  • In a downward inflation trend, salary expectations lag the decreases in inflation. In December he indicated that he was concerned about inflation and the excessive risk taking in the markets.


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insolvent
Can you define this word? /in-sol-vent/ [ih2.n.s.aa1.l.v.ah0.n.t]
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insolvent star_border
/in-sol-vent/ [ih2.n.s.aa1.l.v.ah0.n.t]

Definition: Unable to pay debts owed:

Example sentences:

  • China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
  • If the employer is insolvent and unable to restore the funds the pension scheme will be able to claim compensation.


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currency

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inflation

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insolvent

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