A Monologue of a Tutor about a Finance Project - IELTS Listening Sample Answer

Oct 5, 2021

IELTS Listening section contains four sections and a total of forty questions. IELTS listening section tests a candidate’s ability to listen to different types of audio and question types. This IELTS topic is section one of IELTS listening and contains ten questions. The best way to prepare for IELTS listening is practicing from IELTS listening practice papers. This section contains three question types:

Answer in one word

Topic: A Monologue of a Tutor giving some business students instructions about a Finance Project

Audio Transcript

You will hear a tutor giving some business students instructions about a finance project. You now 30 seconds to read questions 31 to 36.

Okay. Can you quieten down please? Now, today I’m going to talk to you about your assignment. We’ve been studying the effects of the exchange rate. So I’m going to give you a project to do on this. Right. Can you make some notes while I’m talking? The first thing that I’d like you to do in order to prepare this is to select where you’re interested in. I mean, which country. And therefore which currency you’re going to be operating in. Okay. Now the purpose of the project is to make money and I’m hoping some of you will make a significant amount. So I want you to suppose that you have 100 pounds that you will have to invest purely in the rises and falls of the exchange system. In other words, you’ll be trying to predict rates. This is a project that you’ll be doing together. But before you work together, you’ll have to go off and research what you need to know about the economy of that country and how well it’s doing or is expected to do in the near future. You could all make up a little information sheet with your notes on. Clearly legible. Because then I want you to get together. We can do that next week. And to go around and read about each other’s countries.

When you see how well or badly each country is doing, I want you to decide what your exchange rate is going to be against all the other currencies. After that is all sorted, what you’re going to do is go around the other students and attempt to sell your money to the others. Remember this will depend on the success of your country’s economy and the rate you fixed for your currency.

Now, you’re not allowed to just swap currencies with each other, but you may wish to buy from the other countries. But you must do a proper transaction. All the way through this, you must keep your accounts properly for each transaction. I’ll give you one week to do this and then we will set a time for the deals to finish, a bit like the stock exchange. And at that point, I will ask you to calculate how much you have made. Is that clear?

Complete the flowchart below.

Write One Word Only for each answer.

Answer 31: Select

Explanation: This is the word is in the fourth line of the transcript. The first thing that I’d like you to do in order to prepare this is to select where you’re interested in.

Answer 32: Invest

Explanation: This is the word is in the eighth line of the transcript. So I want you to suppose that you have 100 pounds that you will have to invest purely in the rises and falls of the exchange system.

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Answer 33: Research

Explanation: This is the word is in the tenth line of the transcript. But before you work together, you’ll have to go off and research what you need to know about the economy of that country and how well it’s doing or is expected to do in the near future.

Answer 34: Sell

Explanation: The word “Sell” is in the sixteenth line of the transcript. After that is all sorted, what you’re going to do is go around the other students and attempt to sell your money to the others.

Answer 35: Buy

Explanation: The word “Buy” is in the nineteenth line of the transcript. ...you’re not allowed to just swap currencies with each other, but you may wish to buy from the other countries.

Answer 36: Calculate

Explanation: This word is mentioned in the last line of the transcript. I’ll give you one week to do this and then we will set a time for the deals to finish, a bit like the stock exchange. And at that point, I will ask you to calculate how much you have made.

*The article might have information for the previous academic years, please refer the official website of the exam.