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lOMoAR cPSD| 48632119 TEST 1.2
Time allowed: 20 minutes I.
Choose the best answer to finish the following sentences
1. …………….is the tax paid directly to the government by the persons on whom it is imposed.
A. income tax B. value-added tax C. progressive tax D. tax shelter
2. ……………….is imposed on the wealth possessed by individuals in a country.
A. value-added tax B. capital gains tax C. wealth tax D. income tax
3. Money accepted in………for goods and services and debts makes the trading process simpler and more efficient. A. payment B. purchase C. supply D. demand
4. Using money as a simple…………provides a simple and convenient way to compare the values of various items. A. money B. means C. store of value D. unit of account
5. Money is more ………than most other stores of value because as a medium of exchange, it is readily accepted everywhere. A. liquid B. valuable C. convertible D. changeable II.
Make up complete sentences using the words or phrases given
1. There/ large/ amount/ forged/ money/ circulation.
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2. Euro/ used/ a/ medium/ exchange since 1999.
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3. Fruit/ imported/ these countries/ imposed/ customs duty/ 20%.
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4. Government/ just/ impose/ tax rate/ 20%/ most/ imports.
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5. Government/ now/ offer/ tax incentives/ companies/ manufacture/ agricultural products.
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……………………………………………………………………………………….. III. Answer questions
What is expansionary monetary policy?
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……………….………………………………………………………………………………………………… lOMoAR cPSD| 48632119
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………………………..……………………………………………………………………………….……… IV. Translation
1. Thuế gián thu là thuế mà người chịu thuế và người nộp thuế không cùng là một. Chẳng hạn,
chính quyền đánh thuế vào công ty và công ty lại chuyển thuế này vào chi phí tính vào giá hàng
hóa và dịch vụ, do vậy đối tượng chịu thuế là người tiêu dùng cuối cùng.
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