Penguin Readers Answer Key level
Rogue Trader PRE-INTERMEDIATE 3
(e) False. They got married in Kent,
Answers to Book activities Answers to Factsheet activities
England.
1 Open answer ■ Communicative activities
Chapters 3 & 4
2 a A trading floor is a place for financial Activities before reading the book
trading. Chapter 3
Open answers
A balance sheet is a paper describing 1 (a) Buy low – sell at a profit/sell and buy
profit and loss. Activities after reading a section back at lower price
A fax is a copy that is sent down a Open answers (b) 5 – two local traders/someone to help on
telephone line. phone/two in the office
An operation is a part of a company or Activities after reading the book (c) They had to work very fast
its business. (a) (d) The account where they put their
An account is an agreement with a Rogue Trader Trivia mistakes (losses)./Number 8 is the
bank that you can put in or take out 1 26 February Chinese lucky number.
money. 2 Malaysia (e) He made sure that the balance of the
b Possible answer: 3 Singapore International Money Exchange 88888 account was zero. To do this he
You deal in agreements for buying or 4 88888 had to make profits to offset the losses in
selling shares on a future date at a 5 Watford the account.
price that is agreed before that date. 6 Morgan Stanley (f) He ordered a very large number of
c Stock is the amount of money that a 7 1763 contracts.
company has by selling shares. A stock 8 Sims 2 (a) He bought (or sold) shares/futures etc
market is where people buy and sell 9 Frankfurt in Germany and then sold (or bought) them very
shares. 10 Changi soon after – a matter of hours or even
d His job was to check that there was a minutes.
note of the trading agreements on each ■ Student’s activities (b) He left a longer time between buying and
day. Activities before reading the book selling – a matter of days.
3 a Malaysia Chapter 4
1
b Lisa, his wife
(a) business (b) financial (c) banking 1 (a) 5
c Singapore
(d) trader (e) Market (f) dollars (g) employer (b) 4
d He lost many millions of pounds that
(h) lose (i) account (j) banks (c) 6
belonged to Barings Bank.
2 (a) Possible adjectives (d) 1
e The town of Watford in England.
Appearance (e) 2
f He wore a suit and tie to go to work.
Page 7 smart/well-dressed (f) 3
g He took a job in Indonesia because he
Page 10 cheerful/short-haired 2 (a) He was ashamed of what he had done
thought the Far East was full of money,
Page 14 drunk and the kind of person he had become.
bars and beautiful women.
Page 21 tired (b) Possible answers
h He met Lisa Sims and they got married.
Page 48 serious/untidy • Simon Jones – He has little respect
4–5 Open answers
Page 53 serious for him because he doesn’t take his
6 a The trader is paid extra money by his
Personality work seriously
employer.
Page 7 intelligent (clever)/studious • Peter Baring – He thinks he has an
b The trader sells agreements to buy or
Page 14 sociable/friendly easy life compared with the life of a
sell shares at a certain price at a future
Page 21 fun-loving trader.
time.
c The trader makes more money than he Page 32 honest Chapters 5–7
has lost. Page 48 unhappy/resigned
Chapter 5
7 a He buys and then sells later at a profit Page 53 calm
1 (a) 25%
or he sells and then buys back later at
Activities while reading the book (b) He is a trader from First Continental
a lower price.
Chapters 1 & 2 Bank – dirty clothes looks like a tramp,
b Account 88888 was opened because
1 23rd February but one of the highest paid people in the
the traders had to put their mistakes
(f) A Japanese newspaper asked Nick world.
into a special computer account.
Leeson questions. (c) Because he needs George to help him
c He used the 88888 account to hide his
(d) Nick went to Danny’s flat. work the markets. There is a lot of work
losses.
(c) Nick and Lisa left Singapore by plane. to do.
d Leeson asked them to send dollars
25th February (d) The local traders need Nick and the
from London every day to solve
(a) A telephone rang in a hotel. effect he has on the markets. They do
problems on the dollar side of the
26th February not want him to go to prison and hope
account.
(h) Nick and Lisa went on a boat on a river. his visit to the religious man will bring
e He was paid a bonus because Barings
(b) Nick thought about killing himself. him good luck.
thought he was making a lot of profits
27th February (e) Lisa’s grandfather died. It meant Nick
for the bank.
(g) Nick and Lisa planned to go to Australia. couldn’t work – Barings wanted him to go
8 Open answer
(e) Nick saw the newspaper story about on trading so they arranged for him to
9 a yes b no c no d it shakes or destroys
Barings Bank. work at night in the London office.
them e yes f he or she uses the law to
2 (a) wife. (f) Because there would be an end-of-year
help people g yes
(b) manager/office check at Barings.
10–15 Open answers
(c) managers/works (g) Someone from his Singapore office rang
(d) friend/bank to tell him there was a $78 million loss in
3 (a) Tony the 88888 account. He told her to sell
(b) Danny some shares and then print out the
(c) Lisa balance sheets before and after the
(d) Nick trade.
(e) Simon (h) Because Nick was due for a large bonus
4 (a) False. He took the train. in February.
(b) False. He left Coutts and joined Morgan 2 (a) Simon Jones – a lawyer to defend Nick
Stanley in 1987. against the charge that he dropped his
(c) False. His mother died. trousers in a bar.
(d) True
© Pearson Education 2001
Penguin Readers Answer Key
Rogue Trader
(b) The religious man who gives Nick
advice about how to improve his life.
(c) Nick is talking to Ron Baker who
tells him that Barings wants him to
make more profits.
(d) Ron Baker talking to Nick during his
stay in London.
(e) Nick says this to Lisa as they arrive
back in Singapore after their
Christmas break. Nick knows that
there will be problems – he is not
really happy to be back, but he
wants his wife to be happy.
Chapter 6
1 (a) losses
(b) worried
(c) crying/baby
(d) brother/success
(e) missing
(f) signature
(g) accountant
(h) bonus
(i) markets
(j) balance sheet
2 (a) It’s a worry dream. Nick is anxious
about being caught and ruined.
(b) possible adjectives to describe his
feelings:
panicky / worried / anxious /
frightened / scared / afraid / nervous
Chapter 7
1 Correct order
1 Nick and Lisa flew from Malaysia to
Singapore.
2 Lisa bought a newspaper and read
the news about Barings Bank.
3 Nick and Lisa flew to Brunei.
4 Nick and Lisa’s plane landed in
Bangkok.
5 The plane arrived in Frankfurt.
6 British newspapers wanted to buy
Nick’s story.
7 Nick and Lisa said goodbye to each
other.
8 Nick arrived at Hoechst prison.
9 Nick met his German and his
English lawyers.
10 Lisa visited Nick in prison.
11 Nick read the Bank of England
report about Barings Bank.
12 Nick flew to Singapore.
13 Nick became ill.
14 Nick came out of prison.
15 Lisa left Nick.
Activities after reading the book
Open answers
© Pearson Education 2001
