Listening Exercise: Financial Advisor

1. Stacey is new to investing, so she asks the financial advisor for advice about where to put her money.

a) spending money on unnecessary things
b) putting money into something to make more money later
c) saving money by not spending it

2. The interest on her credit card debt is very high. She has to pay extra money to the bank because of it.

a) the feeling of wanting to learn about something
b) a type of investment account
c) extra money paid for borrowing or using money

3. Buying a house is a big expense, so Stacey wants to start saving now.

a) something that costs money
b) a type of business
c) a kind of tax

4. Stacey has a lot of debt because she spent too much on her credit card. She still needs to pay back the money she borrowed.

a) money someone has saved
b) money someone still owes
c) a type of investment

5. Stacey still owes money on her credit card because she used it to go shopping last month.

a) needs to pay back money
b) has extra savings
c) spends too much

6. The advisor tells Stacey to pay off her credit card before investing.

a) earn extra money
b) borrow more money
c) give back money that is owed

7. If Stacey puts money in a savings account, she will earn interest. The bank will give her extra money for keeping her money there.

a) lose money
b) spend money
c) get money

8. The advisor suggests starting a retirement account early so Stacey has money when she’s much older.

a) a time when someone stops working permanently
b) a short vacation from work
c) an expensive investment

9. Stacey thinks she is too young to retire, but the advisor says it’s good to start saving early.

a) to stop working forever
b) to take a break from work
c) to get a promotion

10. Stacey wants to invest in stocks, but the advisor tells her they can be risky. She might make a lot of money, but she could also lose money quickly.

a) safe and certain
b) dangerous or uncertain
c) easy to control

1. Why does Stacey visit the bank?

a) To open a savings account
b) To ask about investment options
c) To apply for a loan

2. What does the advisor say about savings accounts?

a) They help money grow quickly
b) They are better than investment accounts
c) They are a very safe place to keep money

3. Why does Stacey want to invest her money?

a) She wants to travel soon
b) She wants to save for a house
c) She wants to start a business

4. Why does the advisor suggest paying off credit card debt first?

a) The interest on debt is usually very high
b) The bank doesn’t allow investing with debt
c) Investing is only for people without debt

5. What is one advantage of a money market account?

a) You can access your money easily
b) It has the highest interest rate
c) It helps you get a loan faster

6. What is a U.S. Treasury bill or note?

a) An investment in the U.S. government
b) A special type of credit card
c) A bank loan with a fixed rate

7. Why does the advisor not recommend stocks for Stacey right now?

a) Stocks are very safe and don’t grow much
b) Stocks are risky and she wants to use the money in a few years
c) Stocks are only for people who want to retire soon

8. What does the advisor say about stocks?

a) They are good for short-term savings
b) They always make people rich
c) They can grow quickly but are risky

9. What does the advisor say about retirement planning?

a) It is best to start as early as possible
b) It is only for older people
c) It is not necessary for bank customers

10. What does Stacey decide to do first?

a) Buy stocks immediately
b) Open a retirement account right away
c) Pay off her credit card debt