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Basic Listening Practice
1. Script
W: Let me recommend my brother to you. He’s really done well in the stock market over the last few years.
M: The real question is this: How have you dine by taking his advice?
Q: What does the man mean?
2. Script
M: Many investors jump on IPOs, hoping to get rich by getting into a stock early before it goes up.
W: But isn’t that a bit like buying a book without reading it? I mean, what if it doesn’t go up?
Q: What is the woman’s opinion?
3. Script
W: The Dow was down again today. It’s hard to make money when high fuel prices are killing the stock market.
M: There’s still money to be made. If you bought oil futures three months ago, you’d be smiling right now.
Q: What can we learn from the dialog?
4. Script
M: I can’t wait to get back to my computer. Online share trading has totally changed the stock market and the lives of investors. Hook up to the Internet and be your own broker!
W: In other words you can cut out the middle man now. For about $500, you can open an account and begin buying and selling shares from your own home, 24 hours a day.
Q: Which of the following is true if they want to trade shares on the Internet?
5. Script
M: Hold onto your hat! We’ll be rich. I’m buying shares in a new company.
M: You can’t buy IPO shares unless you have a big active with a broker. The day of dot-com fortunes from IPOs are over.
Q: According to the conversation, what is the condition for buying IPO shares.
1.D 2.C 3.A 4.B 5.C
Listening In
Task 1: Tell me about the stock exchange.
Script
George: I’m supposed to give a presentation on the stock exchange, but I don’t yet know a thing about it. Could you give me some tips?
Diana: The problem with you is that you’ve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. It’s an organization of brokers and investment bankers. In Europe it is often called a bourse.
George: Could you tell me more about it? Like, how does it wor
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