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ENGLISH WRITTEN TEST
Time allowed: 60 minutes Họ và tên: Số t ứ h tự: Mã sinh viên: N gày thi: Hội trường thi: Điểm bài thi
Họ và tên, chữ ký của cán bộ coi thi Bằng số Bằng chữ Coi thi 1: 2: Chấm thi 1: 2:
I. CHOOSE THE BEST ANSWER
1. National public debts, ……… on a world scale, have almost without exception shown a tendency to increase. A. taken B. take C. took D. being taken
2. The job of the Central Bank is to………. the amount of money and credit in the economy. A. examine B. investigate C. provide D. control
3. The government made serious attempts to raise the ……. of living. A. standard B. cost C. level D. mode
4. Inflation is a great …….to long-term investors because it erodes the value of future dollars. A. advantage B. favor C. threaten D. threat
5. Any ……………transaction or violations of the policy must be reported to your immediate supervisor. A. improper B. reserved C. extinct D. anxious
6. Interest rate swaps often………. a fixed payment for a floating payment that is linked to an interest rate. A. pay B. swap C. change D. exchange
7. The standard … for internationa trade and investment is the US dollar. A. capital B. currency C. unit D. payment
8. When debts are denomiated in money, the real value of debts may change due to inflation and … A. crisis B. chaos C. devaluation D. deflation
9. By bringing forward capital expenditure, a company can ... year-end taxable income
and therefore .... its tax expense. A. increase... increase B. increase... decrease C. decrease...increase D. decrease... decrease
10. If a central bank uses the tools of monetary policy to reduce the demand for goods
and services, the likely result is _________ inflation and _________unemployment in the short run. A. lower; higher B. lower; lower C. higher; higher D. higher; lower II. READING
The International Monetary Fund (IMF) is an organization of 189 member countries.
It stabilizes the global economy in three ways. First, it monitors global conditions
and identifies risks. Second, it advises its members on how to improve their
economies. Third, it provides technical assistance and short-term loans to prevent
financial crises. The IMF's goal is to prevent these disasters by guiding its members.
These countries are wil ing to give up some of their sovereign authority to achieve that aim
The IMF has the rare ability to look into and review the economies of al its member
countries. As a result, it has its finger on the pulse of the global economy bet er than
any other organization. The IMF produces a wealth of analytical reports. It provides
the World Economic Outlook, the Global Financial Stability Report, and the Fiscal
Monitor each year. It also delves into regional and country-specific assessments. It
uses this information to determine which countries need to improve their policies.
Hence, the IMF can identify which countries threaten global stability. The member
countries have agreed to listen to the IMF's recommendations because they want to
improve their economies and remove these threats.
Since the Mexican peso crisis of 1994-95 and the Asian crisis of 1997-98, the IMF
has taken a more active role to help countries prevent financial crises. It develops
standards that its members should fol ow. For example, members agree to provide
adequate foreign exchange reserves in good times. That helps them increase
spending to boost their economies during recessions. The IMF reports on member
countries' observance of these standards. It also issues member country reports that
investors use to make wel -informed decisions. That improves the functioning of
financial markets. The IMF also encourages sustained growth and high living
standards, which is the best way to reduce members' vulnerability to crises.
Question 1: What does the passage mainly discuss?
A. IMF and its objectives and role B. History of IMF
C. Organizing structure of IMF D. Members of IMF
Question 2: The word "look into" in paragraph 2 can best be replaced by A. find B. supply C. examine D. obtain
Question 3: What can be inferred from paragraph 2?
A. IMF evaluates other organizations.
B. IMF surveys global conditions.
C. IMF identifies which countries can borrow money
D. IMF recommends how to overcome crisis
Question 4: The word "It" in paragraph 2 refers to A. Global economy B. Organization C. Analytical report D. IMF
Question 5: According to paragraph 3, which of the fol owing is NOT a method of
the IMF to help countries prevent financial crises?
A. Developing standards for members
B. Issuing member country reports
C. Encouraging sustained growth and high living standards
D. Lending developing countries funds to overcome
III. MAKE COMPLETE SENTENCES
1. Monetary policy/be/one/of/tools/that/national Government/use/influence/its economy.
……………………………………………………………………………………… ……
Monetary policy is one of the tools that the national government uses to influence its economy.
……………………………………………………………………………………… …....
2. GDP/be/the total value/goods/services/produced/country/a year.
……………………………………………………………………………………..... .......
………………………………………………………………………………
GDP is the total value of goods and services produced in a country in a year. ……… ……
3. Microeconomics/focuse/supply/demand/other forces/determine/price levels/ seen/ economy.
……………………………………………………………………………………… ……
Microeconomics focuses on supply, demand, and other forces that determine price levels seen in ………………
the economy. ……………………………………………………………………… ……
4. Taxation/be/tool/by which/governments/finance/expenditure/by/impose charges/ individuals/businesses.
……………………………………………………………………………………… ……
Taxation is a tool by which governments finance expenditure by imposing charges on individuals and …………
businesses. …………………………………………………………………………… ……
5. The objectives/two/macroeconomic policy/be/promote/economic growth/and/ keep/ inflation/control.
The two objectives of macroeconomic policy are to promote economic growth and keep inflation under control.
……………………………………………………………………………………… ……
……………………………………………………………………………………… …… IV. MATCHING A B 1.
A. Include the satisfaction people gain from the products and Unemployment
services they choose to consume, from their time spent in rate
leisure and with family and community as well as in jobs, and
the security and services provided by effective governments.
B. The required percentage of reserves (deposits) that banks 2. Well – being
and thrifts must hold in cash or in deposits at the central bank.
C. A situation in which a company, or especially a 3. Equilibrium
government, spends more money than it collects for a given
period of time, usually a quarter or a year. 4.Deficit
D. The number of jobless individuals who are actively spending
looking for work divided by total of those employed and unemployed.
E. A state of balance, for example when supply meets 5. Reserve demand. requirement 1-… 2-… 3-… 4-… 5-… V. ANSWER 2 QUESTIONS
1. How shift factors cause the whole “demand curve” and “supply curve” shift to the left or to the right?
……………………………………………………………………………………….
….……………………………………………………………………………………
…….…….………………………………………………………………………… …………………..
……………………………………………………………………………………… ……..
2. Under what circumstances can fiscal policy be expansionary or contractionary? Why?
………………………………………………………………………………………
……………………………………………………………………………………… ………………
……………………………………………………………………………………… ………
……………………………………………………………………………………… …….. VI. TRANSLATION
1. Translate the following sentences into Vietnamese.
- If GDP is too high or growing too rapidly, inflation occurs. If GDP is too low or
decreasing, an increase in unemployment occurs.
………………………………………………………………………………………
………………………………………………………………………………………
……………… Nếu GDP quá cao hoặc tăng trưởng quá nhanh, lạm phát sẽ xảy ra.
Nếu GDP quá thấp hoặc giảm, tình trạng thất nghiệp sẽ tăng lên.
- Unemployment exploded under Thatcher in the 80s, but it was seen as inevitable
consequence of the steps taken to make industry more efficient.
………………………………………………………………………………………
………………………………………………………………………………………
Tình trạng thất nghiệp bùng nổ dưới thời bà Thatcher vào những năm 80, nhưng nó được
……………… xem là hậu quả không thể tránh khỏi của các biện pháp được thực hiện để làm cho ngành
công nghiệp hiệu quả hơn.
- Double taxation occurs because corporations are considered separate legal agents
from their shareholders. Such corporations pay taxes on their income tax liabilities just as individuals do.
Tình trạng đánh thuế hai lần xảy ra vì các tập đoàn được coi là các chủ thể pháp lý riêng biệt với các cổ đông
của họ. Các tập đoàn này nộp thuế thu nhập trên nghĩa vụ thuế thu nhập của họ giống như cá nhân.
………………………………………………………………………………………
……………………………………………………………………………………… ………………
……………………………………………………………………………………… ………
2. Translate the following sentences into English.
- Bốn mục tiêu chính là tỷ lệ t ấ h t nghiệp thấp, ổ n định giá cả, ố t c độ tăng trưởng
kinh tế cao nhưng bền vững và giữ cán cân thanh toán cân bằng.
………………………………………………………………………………………
………………………………………………………………………………………
……………… The four main objectives are low unemployment rate, price stability, high but sustainable
economic growth, and maintaining a balanced balance of payments.
- Nếu một chính phủ cố gắng giảm tỷ lệ thất nghiệp thông qua các biện pháp giảm
lạm phát, chẳng hạn như giảm thuế h ặ
o c tăng chi tiêu công, thì việc giảm tỷ lệ thất
nghiệp sẽ đẩy tiền lương, và sau đó là giá cả, cao hơn.
………………………………………………………………………………………
………………………………………………………………………………………
………………………………………………………………………………………
……………………… If a government tries to reduce the unemployment rate through measures to reduce inflation,
such as cutting taxes or increasing public spending, the reduction in the unemployment rate
will push wages, and subsequently prices, higher. - Một báo cáo về t ị
h trường lao động được bộ tài chính đưa ra đã chỉ rõ rằng Việt
Nam đang thiếu trầm trọng những lao động tay nghề cao và đội ngũ nhân viên
trong các lĩnh vực: tài chính, ngân hàng và du lịch.
………………………………………………………………………………………
………………………………………………………………………………………
………………………………………………………………………………………
……………………… A labor market report released by the Ministry of Finance has indicated
that Vietnam is severely lacking high-skilled workers and staff in the fields
of finance, banking and tourism. -THE END-