IELTS Sample Listening Questions # Credit Crunch

Credit Crunch

The audio given below has been taken from BBC 6 minutes English. You can download it, from the given link –
http://goo.gl/TzLXFC

Answer the following questions in NO MORE THAN FOUR WORDS

  1. What is the situation when your property becomes cheaper than what you paid for?
  2. Whom did Ian Macwhirter warned while buying property?
  3. What is the process in which a person buys a house and then sells it to buy a better house called?
  4. What is the period when it seems difficult to get credit and interest rates are high called?
  5. When was the first time the use of credit crunch came around?

ANSWER

  1. negative equity
  2. first-time buyers
  3. property ladder
  4. credit crunch
  5. June 2007

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