The LME provides three basic services to the world's non-ferrous metal trade. First, it is a market where large or small of metal of a guaranteed minimum standard can be bought and sold on specific trading days. Second, it acts as a barometer of world metal prices. And third, it is a "hedging" medium: that is, it can help traders get some protection from price fluctuations that occur for economic, political or reasons.
Result:
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Correct answer: relatively
Explanation: On the recording you hear "but relatively few know". You need a word that tells how much, so the word ends in ly.
Meaning: "relatively" means in comparison or to some extent.
Wrong options:
- relativly: It leaves out the "e". The right spelling is "relatively". Every letter must be correct to get the mark.
- relative: "relative" is missing the ending. The speaker says "relatively", with "ly" at the end.
Correct answer: influence
Explanation: Listen again to "have a greater influence on". You need a word meaning effect or power over something.
Meaning: "influence" means the power to change or affect something.
Wrong options:
- influnce: It leaves out the "e". Write "influence". Only the exact spelling gets the mark.
Correct answer: manufacture
Explanation: Here you hear "food manufacture". It is the base word for making things.
Meaning: "manufacture" means the making or production of goods.
Wrong options:
- manufature: It leaves out the "c". Write "manufacture". Only the exact spelling gets the mark.
- manufacturing: "manufacturing" is a close word, but it ends in "ing". The speaker says "manufacture", which ends in "e".
Correct answer: quantities
Explanation: The speaker says "large or small quantities of metal". The word is more than one, so do not forget the s at the end.
Meaning: "quantities" means amounts or numbers of something.
Wrong options:
- quantites: It leaves out the "i". Write "quantities". Only the exact spelling gets the mark.
- quantity: "quantity" is a close word, but it ends in "y". The speaker says "quantities", which ends in "ies".
Correct answer: financial
Explanation: You hear "political or financial reasons". It is a word about money.
Meaning: "financial" means relating to money or finance.
Wrong options:
- finanical: Two letters are in the wrong order. Write "financial". Only the exact spelling gets the mark.
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