Đề thi tiếng anh chuyên ngành 1 và Đáp Án docx

net investment Explanation: Net investment represents the change in the amount of capital from one period to another by subtracting depreciation from the total investment.. Reading The f

I Choose the best answer for each question:

1.The change in the amount of capital from one period to another is called

A financial investment

B net investment

C depreciation

D gross investment

Answer: B net investment Explanation: Net investment

represents the change in the amount of capital from one period to another by subtracting depreciation from the total investment

2.The Minister of Finance will make an official today regarding the new income tax rates

A announcement

B statement

C declaration

D speech

Answer: B statement Explanation: "Official statement"

is the most suitable phrase in this context

3 When the company was declared bankrupt, all of its assets were claimed by creditors

A funds

B assets

C benefits

D amounts

Answer: B assets Explanation: "Fixed assets" is the

correct term in the financial context when referring to the company's owned properties

4.A person's credit is a formal evaluation of his/her loan - repayment history or potential

A rating

B level

C rate

D records

5.By adding a strawberry and blackberry crops to a corn and soybean farm, a producer becomes more

A Diversified

B specialized

C integrated

D motivated

6.If the demand for tennis rackets increases, the price of rackets will

A increase

B control

C decrease

D higher

7.Before starting a business, you have to raise the necessary

A capital

B money

C divestment

D savings

8.Creative is finding ways of explaining how money has been spent, while hiding what has really happened to it

A booking

B accounting

C bookmaking

D Auditing

9 In the circular flow model, consumption goods are bought and sold in the

A Goods market

B Financial market

C Factor market

D Government market

10.Each department within the organization is given

a within which it has to remain for the whole year

A sum

B money

C dividend

D Budget

II Reading

The function of capital markets is to facilitate an exchange of funds among all participants And yet in practice we find that certain participants are not on a par with others Members of society have varying degrees of market strength in terms of information they bring to a transaction, as well as of purchasing power and creditworthiness, as defined by lenders

For example, within minority communities, capital markets do not properly fulfill their functions; they do not provide access to the aggregate flow of funds in the United States The financial system does not generate the credit or investment vehicles needed for underwriting economic development in minority areas And, in the United States economy, a greater inequality of

Most traditional financial-market analysis studies ignore financial markets' deficiencies in allocation because of analysts' inherent preferences for the simple model of perfect competition Conventional financial analysis pays limited attention to issues of market structure and dynamics, relative costs of information, and problems of income distribution Market participants are viewed as acting as entirely independent and homogeneous individuals with perfect foresight about capital market behavior Also, it is assumed that each individual in the

community at large has the same access to the market and the same opportunity to transact and to express the preference appropriate to his or her individual interest Moreover, it is assumed that transaction costs for various types of financial instruments (stocks, bonds, etc.) are equally known and equally divided among all community members

· What's the function of capital markets?

A The meeting place between supply and demand

B An intermediaries for buying, selling and exchanging goods

C To facilitate an exchange of funds among all participants.

D To facilitate an exchange of stocks among all participants

· Why is the capital market not functioning properly in minority communities?

A Because of their socioeconomic differences from those of others

B Because minority communities of participation in the economy is ineffective

C Because capital markets only invest in certain types of investments

D Because they do not provide access to the aggregate flow of funds in the United States and

do not generate the credit or investment vehicles needed for underwriting economic development

in minority areas.

· What problems do conventional financial analysis pay limited attention to?

A Issues of market structure and dynamics

B Relative costs of information

C Problems of income distribution

D All plans above

4 The author's main point is argued by

A Giving examples that support a conventional generalization

B Showing that the view opposite to the author's is self-contradictory

C Criticizing the presuppositions of a proposed plan

D Showing that omissions in a theoretical description make it inapplicable in certain cases.

III Complete the sentences

1.Through/operation/insurance/system,losses/can/be/ predicted/advance/it/allows/cost/losses/to/be/financed/ redistributed/advance

2.Microeconomics/the/study/individuals/business/

decisions/macroeconomics/looks/higher/up/country/

government/decisions

3.Money/a/commodity/accepted/general/consent/as/a/ medium/economic/exchange

It's/the/medium/which/prices/values/and/expressed

4.Consumer/theory/describes/consumers/make/the/best/ their/tradeoff/based/their/preferences

5 Commodity/useful/good/serve/as/medium/exchange

ĐÁP ÁN

· Through the operation of an insurance system, losses can be predicted in advance It allows the cost of losses

to be financed and redistributed in advance

· · Microeconomics is the study of individuals and business decisions, while macroeconomics looks at higher-up country and government decisions

· · Money is a commodity accepted by general consent

as a medium of economic exchange It's the medium through which prices and values are expressed

· · Consumer theory describes how consumers make the best of their tradeoffs based on their preferences

· · A commodity is a useful good that serves as a medium of exchange

IV Match the words or phrases from 1-5 with the definitions from a-e:

1) Government bond

2) Claim

3) GDP

4) Value-added tax

5) Insurance policy

a) The total value of goods and services produced in a country in a single year in current prices

b) A financial arrangement signed between the insurance company and the insured

c) Government securities with terms of more than one year

d) A formal request for payment or services covered by the insurance policy

f) A tax collected at each stage of production, excluding the already-taxed costs from previous stages

ĐÁP ÁN

· Government bond - c) Government securities with terms of more than one year

· · Claim - d) A formal request for payment or services covered by the insurance policy

· · GDP - a) The total value of goods and services produced in a country in a single year in current prices

· · Value-added tax - f) A tax collected at each stage of production, excluding the already-taxed costs from previous stages

· · Insurance policy - b) A financial arrangement signed between the insurance company and the insured

V Answer the question below

1 How do commercial banks make profits?

Commercial banks make profits primarily through the difference between the interest they earn on loans and the interest they pay on deposits This is known as the interest rate spread They also generate income from fees and charges for various services, such as account maintenance, overdraft fees, and transaction fees

2 Why is money market more liquid than the capital market?

The money market is more liquid than the capital market because it deals with short-term financial instruments that are typically easy to sell and convert to cash with minimal price fluctuation These instruments include

Treasury bills, commercial paper, and certificates of deposit, which usually mature in less than a year In contrast, the capital market deals with longer-term securities like stocks and bonds, which may require more time and effort to sell and are subject to greater price volatility

VI English - Vietnamese translation

1 Fiscal policy can be expansionary or loose when the government feels its economy is not growing fast enough

or unemployment

Chính sách tài khóa có thể mang tính mở rộng hoặc nới lỏng khi chính phủ cảm thấy nền kinh tế không tăng trưởng đủ nhanh hoặc tỷ lệ thất nghiệp cao

2 Demand refers to all possible quantities of goods and services that buyers are willing and able to buy at all possible prices

Nhu cầu đề cập đến tất cả các lượng hàng hóa và dịch vụ

mà người mua sẵn sàng và có khả năng mua ở tất cả các mức giá có thể

3 Legal ways of avoiding tax are loopholes in tax laws, tax shelter and tax deductible These ways are called tax avoidance

Các cách tránh thuế hợp pháp là những lỗ hổng trong luật thuế, nơi trú ẩn thuế và khoản khấu trừ thuế Những cách này được gọi là tránh thuế

VII Vietnamese - English translation

1 Một nền kinh tế hỗn hợp là một hệ thống kinh tế, trong

đó một số hàng hóa và dịch vụ được sản xuất bởi chính phủ và một số do doanh nghiệp tư nhân

A mixed economy is an economic system in which some goods and services are produced by the government and some by private enterprises

2 Tài nguyên bao gồm thời gian và tài năng sẵn có, đất đai, tòa nhà, thiết bị và các công cụ khác và kiến thức về cách kết hợp chúng để tạo ra các sản phẩm và dịch vụ hữu ích

Resources include available time and talent, land, buildings, equipment and other tools, and the knowledge

of how to combine them to produce useful products and services

3 Khi các khoản thuế thu được trong một năm nhất định không đủ để trang trải toàn bộ chi phí của chính phủ, Kho bạc sẽ mượn tiền để bù đắp sự thâm hụt

When the taxes collected in a given year are not enough

to cover the government's total expenses, the Treasury will borrow money to cover the deficit