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Practice Listening: Multiple Choice, Multiple Answers ID: #46031 Short The recession
Instructions ›
Listen to the recording and answer the question by selecting all the correct responses. You will need to select more than one response.

Transcript:

The recession is one factor which affected and may affect many people. There are many things we should not do during the recession. Never be a consigner. If the individual who took fails to repay during the recession, it is the consigner who must pay the loan. When you purchase a house, do not go for adjustable rate mortgage. This could be good in normal situations, but during the recession, the interest rates may go up, leading to increasing monthly EMI. Do not add up debts. It would be varied during you lose a job. Your monthly budget can go for a toss. Do not take your job for granted. During the recession, the process of laying off in large, people who do not respect their jobs would be the first targets. We may not be able to avoid recession, but proper steps can at least make us stay away from bad situations.

What shouldn't we do during the recession?

* Click on the correct answers

Result:

AI explanationShows the answer. Tap to open.
Option 2: "We should not be a consignor."

Explanation: The text explicitly states that one should never be a consigner during a recession, as it places the consigner at risk of having to pay the loan if the borrower defaults. This aligns directly with the main idea of avoiding risky financial behaviors.

Option 1: "We should take debts."

Explanation: The text advises against adding up debts during a recession, indicating that taking on more debt is not a wise decision. This contradicts the option, as it suggests the opposite action.

Option 3: "We should not go for an adjustable-rate mortgage."

Explanation: The text warns against choosing an adjustable-rate mortgage during a recession due to the potential for rising interest rates, which could lead to higher monthly payments. This option accurately reflects the advice given in the text.

Option 4: "We should take our jobs for granted."

Explanation: The text emphasizes the importance of respecting one's job during a recession, stating that those who do not may be the first to be laid off. This option is incorrect as it suggests the opposite of what the text advises.

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