PTE Academic listening summarize spoken text practice sample 6 - PTE Academic study guide

PTE Academic listening summarize spoken text practice sample 6

PTE Academic listening summarize spoken text practice sample

PTE Academic listening summarize spoken text practice sample.You may get 2-3 summarize spoken text in exam.You will hear a short lecture.Write a summary of the lecture using 50-70 words.You will have 10 minutes to finish the task.written transcript of audio is provided for practice purpose.

1.

Transcript ( will not be provided in actual test)

Today I will reiterate the motivation for the work we are doing on the Global Code, then update you on where we are at with the process and outline the way forward.

Why is the work going on? As I have stated on previous occasions, the foreign exchange (FX) industry is suffering from a lack of trust in its functioning. This lack of trust is evident both between participants in the market, and at least as importantly, between the public and the market. The market needs to move toward a more favourable and desirable location, and allow participants to have much greater confidence that the market is functioning appropriately.

A well-functioning foreign exchange market is very much in the interest of all market participants. This clearly includes central banks, both in their own role as market participants but also as the exchange rate is an important channel of monetary policy transmission. In a globalised world, the foreign exchange market is one of the most vital parts of the financial plumbing.

The Global Code sets out global principles of good practice in the foreign exchange market to provide a common set of guidance to the market, including in areas where there is a degree of uncertainty about what sort of practices are acceptable, and what are not. This should help to restore confidence and promote the effective functioning of the wholesale FX market.

To that end, one of the guiding principles underpinning our work is that the Code should promote a robust, fair, liquid, open, and transparent market. A diverse set of buyers and sellers, supported by resilient infrastructure, should be able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.

PTE Academic listening summarize spoken text practice sample

2.

Transcript ( will not be provided in actual test )

The Australian Business Economists and Macquarie Securities Australia have been outstanding in their help over the past 10 years. Through their generosity and yours, as well as some remarkably generous individual donations, the Foundation is in a good financial position.
The only problem is that while the Foundation is required to donate at least 4 per cent of the fund each year to activities consistent with its charter, it is hard to find assets that earn 4 per cent with acceptably low risk.
That, of course, is a sign of the times in which we live. Very, very low interest rates for ‘safe’ assets, and even many ‘not quite so safe’ ones, have persisted for quite a long time now, and may well continue for some time yet. When I gave the first of these addresses 10 years ago, about the conduct of monetary policy, I certainly did not imagine that the world would look like this in 2016.
Since this is the last of these addresses I shall deliver, and since in fact it is the last public address I expect to give as Governor, I intend to use it to look back at those 10 years. This will be my account of the Bank’s stewardship over that time.
Rather than a chronology of events, I will take the approach of looking at average outcomes over decade-long periods, which I think is more useful.

PTE Academic listening summarize spoken text practice sample

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