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A. Luyện tập
SECTION 4: QUESTIONS 31 – 40
Questions 31 – 36: Complete the flow chart below. Write ONE WORD ONLY for each answer.
Exchange Rate Project
Questions 37 – 40: Answer the questions below. Write NO MORE THAN THREE WORDS AND/OR A NUMBER for each answer.
37. How many main trading partners does the UK have?
38. Which sector does the tutor want students to study?
39. What does the tutor want students to look at changes in?
40. When does the tutor want the project completed by?
Điểm số của bạn là % – đúng / câu
You will hear a tutor giving some Business students instructions about a finance project.
Tutor: OK, can you quieten down please? Now, today, I’m going to talk to you about your assignment. We’ve been studying the effects of the exchange rate so I’m going to give you a project to do on this. Right, can you make some notes while I’m talking. The first thing that I’d like you to do in order to prepare this is select where you’re interested in, I mean, which country, and therefore which currency you’re going to be operating in. OK, now the purpose of the project is to make money and I’m hoping some of you will make a significant amount! So I want you to suppose that you have £100 that you will have to invest purely in the rises and falls of the exchange system. In other words, you’ll be trying to predict rates. This is a project that you’ll be doing together but, before you work together, you’ll have to go off and research what you need to know about the economy of that country and how well it’s doing or is expected to do in the near future. You could all make up a little information sheet with your notes on, clearly legible, because then I want you to get together — we can do that next week — and to go round and read about each other’s countries. When you see how well or badly each country is doing, I want you to decide what your exchange rate is going to be against all the other currencies. After that is all sorted, what going to do is to go round the other students and attempt to sell your money to the others — remember this will depend on the success of your country’s economy and the rate you’ve fixed for your currency. Now, you’re not allowed to just swap currencies with each other but you may wish to buy from the other countries — but you must do a proper transaction. All the way through this you must keep your accounts properly for each transaction. I’ll give you one week to do this and then we will set a time for the deals to finish — a bit like the stock exchange — and, at that point, I will ask you to calculate how much you have made. Is that clear?
OK, now before you begin that, there are a few things I want you to read up on to prepare. You need to look at the economies of the main trading partners. I don’t mean all of them because that would be over 80, but just the 29 principal ones. There are summaries in the last three books on the booklist I’ve given you. And so that you can practise applying the criteria on assessment I gave you, then like you to focus just on one sector across all the countries. The most common one across every country is farming but, as much agricultural produce is for domestic consumption, I’d like you to look at manufacturing. Then, I would like you to do a detailed investigation of one particular aspect. I was going to give you a choice but I think, as just started the course, it’s better if we all look at the same thing and then we can discuss it in the seminars. So the thing I’d like you all to look at is fluctuations in import prices. Now you need to do all that before you start the project as it will help you assess the economies of the countries you’ll be representing in the project. Don’t worry — you’ve got plenty of time. Exam week is December 8th, then it’s the holidays until January 6 so I don’t need the project in till February 5th. Is that OK? Now, any questions … (fade) …