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Practice Listening: Multiple Choice, Multiple Answers
ID: #46031
Short
The recession
Transcript:
The recession is one factor which affected and may affect many people. There are many things we should not do during the recession. Never be a consigner. If the individual who took fails to repay during the recession, it is the consigner who must pay the loan. When you purchase a house, do not go for adjustable rate mortgage. This could be good in normal situations, but during the recession, the interest rates may go up, leading to increasing monthly EMI. Do not add up debts. It would be varied during you lose a job. Your monthly budget can go for a toss. Do not take your job for granted. During the recession, the process of laying off in large, people who do not respect their jobs would be the first targets. We may not be able to avoid recession, but proper steps can at least make us stay away from bad situations.
What shouldn't we do during the recession?
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