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The Most Helpful IELTS Listening Practice Test 15

Engaging in IELTS Listening is a fundamental aspect of preparing for the exam. Dedicated listening practice through structured IELTS Listening practice tests aids in honing crucial skills. These practice sessions simulate the listening exam environment, allowing candidates to familiarize themselves with the listening test format. Consistent exposure to diverse audio scenarios in IELTS exam listening practice enhances one’s ability to comprehend spoken English effectively. Success in the IELTS listening exam demands comprehensive listening practice tests, where individuals refine their listening abilities and develop strategies to tackle the test confidently.

QUESTIONS

What percentage of the vote approved the merger between the New York Stock Exchange and Archipelago Holdings?
A) 85%
B) 90%
C) 95%
D) 100%


What is the ownership distribution between current N.Y.S.E. members and Archipelago shareholders in the new company, N.Y.S.E. Group?
A) 60% members, 40% shareholders
B) 70% members, 30% shareholders
C) 50% members, 50% shareholders
D) 80% members, 20% shareholders


Who is the chief executive officer of the New York Stock Exchange and what market vision does he express?
A) John Thain, advocating for a solely electronic trading system
B) John Thain, supporting a hybrid market combining human and electronic trading systems
C) John Thain, pushing for a complete shift to an “open outcry” system
D) John Thain, promoting a non-profit structure for the exchange


What is a significant change expected in the ownership structure of the New York Stock Exchange after the merger?
A) It will remain a non-profit organization with the same ownership.
B) It will transition to a private company structure.
C) It will become a publicly traded company with shareholders.
D) It will become a subsidiary of Archipelago Holdings.


How is the market regulated currently, according to the information provided in the paragraph?
A) Solely by the Securities Industry Association
B) Jointly by the National Association of Securities Dealers and the New York Stock Exchange
C) By individual state regulations
D) Independently by the New York Stock Exchange

  1. C) 95%
  2. B) 70% members, 30% shareholders
  3. B) John Thain, supporting a hybrid market combining human and electronic trading systems
  4. C) It will become a publicly traded company with shareholders.
  5. B) Jointly by the National Association of Securities Dealers and the New York Stock Exchange
In April, the New York Stock Exchange proposed to join with Archipelago Holdings.  On December sixth, members of the exchange approved the merger by a vote of ninety-five percent.
The New York Stock Exchange is two centuries old.  It is the biggest in the world in terms of the value of the stocks traded.  The Big Board lists almost two thousand eight hundred companies.  They have a combined worth of almost twenty million million dollars.
Archipelago is less than ten years old.  It is a trading technology company based in Chicago.  It developed one of the first electronic trading systems.  It now trades over eight thousand stocks.  Many are also listed on other exchanges.
The combined company will be called the N.Y.S.E Group.  Current members of the N.Y.S.E. will own seventy percent of the new company.  Archipelago shareholders will own thirty percent of it.
The New York Stock Exchange still uses an “open outcry” system.  Traders shout offers to buy or sell stocks on the trading floor.  But trading electronically has become more and more important.
John Thain is the chief executive officer.  He talks of a “hybrid market” that combines human and electronic trading systems.  Mr. Thain says developing both gives investors the best price on trades.
Increasing electronic trading is only part of the merger deal.  Since nineteen seventy-one, the New York Stock Exchange has been organized as a non-profit corporation.  The current owners are the almost one thousand four hundred members known as seatholders.
The new owners will be shareholders.  The exchange will become a public company like other major stock exchanges.  And, like other public companies, it will have to report financial information to the Securities and Exchange Commission.
The New York Stock Exchange is a self-regulatory organization.  It enforces its own rules for some of its members.  The National Association of Securities Dealers supervises investment traders and trading companies.  Some companies are supervised by both the exchange and the association.
Some lawmakers and the Securities Industry Association are suggesting changes.  They want to make policing the market simpler.
  1. What is an IELTS Listening practice test?

    • A: An IELTS Listening practice test is a simulated exam component designed to help individuals prepare for the listening section of the IELTS exam. It mimics the format and structure of the actual test.
  2. How does practicing IELTS Listening benefit test-takers?

    • A: Regular IELTS Listening practice enhances listening comprehension skills, familiarizes candidates with the exam format, and boosts confidence in understanding diverse audio scenarios.
  3. Where can I find IELTS Listening practice tests?

    • A: Several resources offer IELTS Listening practice tests, including official IELTS preparation materials, online platforms, and IELTS coaching centers.
  4. How often should one practice IELTS Listening tests?

    • A: It’s recommended to practice IELTS Listening tests regularly, aiming for a consistent schedule, such as a few times a week, to reinforce listening skills.
  5. Are there different levels of difficulty in IELTS Listening practice tests?

    • A: Yes, IELTS Listening practice tests often come in varying difficulty levels to cater to different skill levels, from beginner to advanced.
  6. What is the format of an IELTS Listening practice test?

    • A: Typically, an IELTS Listening practice test consists of four sections, each with different types of audio recordings, including conversations, monologues, and lectures.
  7. Do I need special equipment for IELTS Listening practice tests?

    • A: No special equipment is required. A reliable computer or mobile device with speakers or headphones is sufficient to access and practice IELTS Listening tests online.
  8. Can I take IELTS Listening practice tests multiple times?

    • A: Yes, candidates can take IELTS Listening practice tests multiple times to improve their skills and track their progress.
  9. How do I assess my performance in IELTS Listening practice tests?

    • A: Reviewing your answers against the provided answer key or solutions is a great way to evaluate your performance and identify areas for improvement.
  10. Should I simulate test conditions while practicing IELTS Listening tests?

    • A: Yes, simulating test conditions by taking practice tests in a quiet environment and adhering to time limits helps replicate the actual exam experience and prepares you better.

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