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Practice Listening: Multiple Choice, Single Answer ID: #35820 Short Banking and finance
Instructions ›
Listen to the recording and answer the multiple-choice question by selecting the correct response. Only one response is correct.

Transcript:

Banking and finance apps can help make life easier when it comes to tracking family finances and managing education expenses. When deciding on an app. look for features that provide flexibility, security, and ease of use. Consider the ABCs of mobile finance: A is for App: Does the mobile banking or finance company you are considering have a user-friendly app that allows secure spend and send functions from your phone? B is for Banking: Mobile banking can be used for all aspects of financial management, including direct deposit and online bill paying, without the need for a traditional bank account. C is for Compare: There are many financial apps out there. Use notable review websites such as Nerdwallet. The Balance and The Simple Dollar to help you compare financial apps and digital prepaid cards.

According to the script, which of the following statement is correct?

* Listen to the recording and select the correct answer

Result:

AI explanationShows the answer. Tap to open.
Option 4: "Before finalizing compare different financial apps as per the ABC analysis."

Explanation: This option is correct as it directly reflects the text's advice to consider the ABCs of mobile finance—App, Banking, and Compare—when selecting financial apps. The text encourages comparing different apps before making a decision, aligning perfectly with this statement.

Option 1: "App can be decided depending on its design only."

Explanation: This option is incorrect because the text emphasizes that when choosing an app, one should consider features like flexibility, security, and ease of use, not just design. Therefore, this statement does not align with the main idea presented in the text.

Option 2: "Family finances can be tracked easily with proper passbook system."

Explanation: This option is incorrect as the text does not mention a passbook system for tracking family finances. Instead, it discusses the use of banking and finance apps for managing finances, making this statement not relevant to the content.

Option 3: "Financial apps can be compared from any websites."

Explanation: This option is incorrect because the text specifies using notable review websites like Nerdwallet, The Balance, and The Simple Dollar for comparing financial apps. Thus, stating that they can be compared from 'any' websites is misleading and not supported by the text.

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