Part 1: Match the words with their definitions (1pt)

1. encouragement or a reason to do something => incentive

2. money invested in companies, to buy buildings, machinery, etc => capital

3. the rate at which the central bank lends money to commercial banks. => base
rate

4. what people consume and how much they invest => demand

5. work done by people employed by businesses => labor

1-U 2-P 3-G 4-A 5-B 6-O 7-M 8-H 9-D 10-N 11-F 12-L 13-R
14-I 15-K 16-C 17-C 18-E 19-T 20-Q

A. money placed in a bank deposits/ retail

1. bonds
deposits
B. a sum of money borrowed from a bank
2. Investment banks
loans
C. estimates of people’s ability to fulfill their
3. takeover bid
financial commitments Credit rating
D. certificates representing part-ownership of a
company
4. deposits
stock or shares
E. with property or another asset used as a
5. loan
guarantee of payment collateralized
F. when one company combines with another
6. interest
one Merger
G. when one company offers to buy or acquire
7. deregulation (bãi another one
bỏ quy định)
Takeover bid
H. buying and selling stocks or shares for clients
8. stockbroking
Stockbroking
I. all the investment owned by an individual or
9. stocks or shares
organization portfolio
10. conglomerate K. in Islamic countries, offer interest-free

1
(kết hợp) banking Islamic bank
L. unable to pay debts or continue to do
11. merger
business bankrupt

12. M. the ending or relaxing of legal restrictions

bankrupt deregulation
N. a group of companies, operating in different fields,
13. capital which have joined together
(R)
conglomerate
O. the price paid for borrowing money, paid to the lenders
14. portfolio
interest
P. work with big companies, giving financial advice,
15. Islamic raising capital by issuing stock and shares and bond,...
bank
Investment banks
Q. receive deposits from, and make loans to, individuals
16. credit and small companies,...
rating
Retail bank
R. the money invested in a business
17. default
capital (R)
18.
collateralize S. failure to repay a loan default
d
T. the money generated by an investment
19. cash
flow (T)
cash flow (T)
U. certificates of debt issued by governments or
20. Retail companies to raise money
bank
bonds

Part 2: wordform-chia-thi-tacn
1. Nearly all customers have a debit card allowing them to make ________ and make
other transactions at cash dispensers. (WITHDRAW)*

2
1/1
withdrawals
2. ________, banks also try to sell insurance products to their customers. (INCREASE)*
1/1
Increasingly
3. Banks have more complicated risk ________ methods for corporate customers.
(ASSESS)*
1/1
assessment
4. The Federal Reserve was founded by Congress in 1913 to provide the nation with a
safer, more flexible, and more stable ________ and financial system. (MONEY)*
1/1
monetary
5. Large investment banks have extensive research departments with ________ and
forecasters. (ANALYSE)*
1/1
analysts
6. If one bank goes bankrupt, it can quickly affect the ________ of the whole financial
system. (STABLE)*
1/1
stability

7. Through the money markets, ________ can find short-term liquidity by turning assets
into cash. (BORROW) *
1/1
borrowers
8. Investors can make short-term deposits with investment companies at ________
interest rates. (COMPETE) * 1/1
competitive
9. Another ________ is for an Islamic bank to lend money without interest but to cover
its expenses with a service charge. (POSSIBLE) *
1/1
possibility
10. Monetarists and ________ are those who argue that if you control the money supply,
you can control inflation. (ECONOMY)*
1/1
economists
11. Every month, the bank takes the same amount of money out of her account

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 ________. (AUTOMATIC)*
1/1
automatically
12. I am a ________ at the moment, so I sit and learn from other employees. (TRAIN)*
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trainee
13. I’m going to get all of my ________ in September and then I will have lots of
options. (QUALIFY)*
1/1
qualifications
14. I can monitor the ________ of the stock market with the portfolio of shares.
(PERFORM)*
1/1
performance
15. His parents give him an ________ of $80 a month. (ALLOW)* 1/1
allowance
16. Banks always want to get new customers and so they make ________ offers.
(ATTRACT)*
1/1
attractive
1. Cheque volumes reached a peak in 1990 but usage ________ since then, mainly owing
to increased use of plastic cards by personal customers. (FALL)*
1/1
has fallen

2. Unlike commercial banks, investment banks ________ money to individual customers.

(LEND)*
1/1
do not lend
3. If interest rates ________ set too low, the demand for goods and services grows faster
than the market’s ability to supply them. (BE)*
···/1
is
Câu trả lời 􏰀úng
are

4. He ________ another customer at the moment. (SERVE)* 1/1

is serving
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5. What is the currency in Thailand ________? (CALL)*
1/1
called
6. I predict this decline in interest rates ________ and the rates will fall to around 4.75%,
possibly as early as next month. (CONTINUE)* 1/1
will continue
7. Over the coming year, I think the price of oil ________ quite a lot. (FLUCTUATE)*
1/1

will fluctuate
8. The Bank of England ________ to set the official interest rate in 1997. (START)* 1/1
started
9. The company is doing well, so shareholders ________ a good profit this year. (GET)*
1/1
will get
10. Has Monica _______ her new bank teller before? (MEET) * 1/1
met
11. Corporate bonds are _____ by companies to raise capital. (ISSUE) * 1/1
issued
12. If the money you earn is higher than the money you spend, then your business
_________ a profit. (MAKE)*
1/1
has made
13. As computers improve, they are able to complete more difficult tasks and they
_________ us serve our customers better. (HELP)*
1/1
help

Part 1: Match the words with their definitions (1pt)

1. encouragement or a reason to do something incentive

2. money invested in companies, to buy buildings, machinery, etc. capital

3. the rate at which the central bank lends money to commercial banks. base rate

4. what people consume and how much they invest demand

5. work done by people employed by businesses labor

5
Part 2: Complete the sentences with the correct forms of words (1.5pts)

1. The aim of monetary policy is to keep inflation low and stable (stability)

2. UK bank and building societies have to hold reserves at the Bank. (build)

3. The Bank of England monitors and analyses the behaviour of the major
participants in the financial system. (participate)

4. It is necessary for carrying out monetary policy efficiently. (efficient)

5. The Bank sometimes acts as “lender of last resort” to financial institutions in
difficulty. (action) Part 3: Complete the text with the words given (2.5pts)
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suppl incenti
labor
y ve
intere consu
plant
st me
dema
capital base rate
nd
prohibit
poor earn rich
ed
account commerc mortga
deal
s ial ges
part profits follows charge

Facts about Islamic banking

The concept of Islamic banking started during the time of the prophet
Muhammad (PBUH) and grew from the idea of Riba. This meant that people
could not earn (1) money if they lent money to others. The first Islamic bank
began to operate in 1963 in Egypt. Later, in 1975, the first modern Islamic
commercial (2) bank opened in Dubai. Now there are Islamic banks all over
the world.

Islamic banking follows (3) the laws of Shari’ah (Islamic law). Banks may not
charge interest on loans. Islamic banking is not only for Muslims – anyone
can use a bank which follows these laws. Banks can create one section to
deal (4) with Islamic banking but they must have a Shari’ah supervisory
board to make sure the section follows all the laws.

Ethical values are important at Islamic banks. Banks may not do business
with companies which sell prohibited (5) food products. Islamic banks offer
the same standard products as non-Islamic banks. These include savings
accounts and loans. However, an Islamic bank does not charge (6) interest
and customers do not earn it on savings. Instead, banks give a gift to

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customers who have accounts (7). This is called “Hibah” and represents
part (8) of the profits made by the bank. Islamic law does not restrict trade,
and customers can make profits (9) when they invest. Another important
aspect of Islamic banking is to give money to help others. Islamic banks must
donate part of their profits to a Zakat Fund. This fund helps poor (10)
people.

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Part 4: Read the text and answer the questions below (2pts)

1. In the seventeenth century, why did people use banks?

People began to use banks to keep their gold and silver safe.

2. Today, how do most people pay their bills?

Today most customers use direct debits or standing orders to pay their
bills.

3. Why is it more difficult for bankers today to get to know their customers?

Because many customers open online accounts and they usually use the
machines in the lobby and they don’t speak with a banker at all.
4. Why do customers no longer know the people that they deal with?
Because many banks have become larger and have merged with other
banks.

Part 5: Complete the following sentences. You have to write more than 6
words. (1.5pts) 1. The central bank always acts as banker to the government
and the commercial banks. 2. If commercial banks need money, they can go to
the central bank to offer the loan. Part 6: Translate the following
sentences into Vietnamese. (1.5pts)

1. The central bank sometimes acts as “lender of last resort” to financial institutions
in difficulty, to prevent panic or a loss of confidence spreading through the whole
financial system.
Ngân hàng Nhà nước đôi khi đóng vai như là “người cho vay cuối cùng” đối
với các định chế tài chính gặp khó khăn, để ngăn chặn hỗn loạn xã hội
hoặc một sự mất niềm tin lan rộng qua toàn bộ hệ thống tài chính.

2. The central bank’s role also includes oversight of payment systems for
transactions between individuals, businesses and financial institutions.
Vai trò của Ngân hàng Nhà nước cũng bao gồm việc giám sát các hệ thống
thanh toán cho các giao dịch giữa các cá nhân, các doanh nghiệp và các
định chế tài chính.

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I. Match the words with the correct definitions.
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A. cash flows
F. maturity
L. market makers Q. speculators

B. equity G. coupon

M. bid price R. auctions

C. mutual funds H. insolvent

N .offer price
S. unprecedented

D. pension funds I. creditors

O. yield
T. unglamorous

E. principal K. dividends

P. unveiled
U. staggeringly

1.

part ownership of a company in the form of stock or shares. Equity

2.
3.
Cash flow
4. funds operated by investment companies that invest people’s
money in various assets. Mutual funds
5. the rate of income an investor receives from a security.
yeild
6. the price at which a seller is prepared to sell a security at a
particular time.
Offer price
7. the price at which a buyer in prepared to buy a security at a
particular time.
Bid price

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8. funds that invest money that will be paid to people after they retire
from work Pension funds .
9. a person who buys and sell goods, property, currency or shares in a
company in the

hope of making a quick profit.

speculators

10. to show or tell people about a new product or plan for the first
time.

Unveiled: ra mắt

11. the amount of capital making us a bond or other loan.

pricipal

12. businesses that buy and sell securities.

Market makers

13. the amount of interest that a bond pays. số tiền lãi mà một trái
phiếu trả

coupon

unable to pay debts. Insolvent

the money a company receives minus the money it spends during a
certain period

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14. a public event at which things are sold to the person who offer the
most money for them. auctions

15. make someone feel interested, hopeful ect.

Staggeringly đáng kinh ngạc

16. people or institutions to whom money is owed.

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Creditors

17. payments by companies to their shareholders.

dividends

18. having no precedent, novel.

Unprecedented

không có tiền lệ, mới lạ.

chưa từng có

19. the length of time for which a bond is issued until it is repaid.

maturity

20. not challenging; dull and lacking excitement.

unglamorous

không thử thách; nhàm chán và thiếu thú vị. không hấp dẫn

Answer:
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1-B 5-O 9-Q 13-G 17-K

2-H 6-N 10-P 14-R 18-S
3-A 7-M 11-E 15-U 19-F
4-C 8-D 12-L 16-I 20-T

II. Choose the best alternatives to complete the

sentences.

1. Companies are not obliged (bắt buộc) pay..... or repay share

capital
A. dividends B. revenue C. perk tiện ích hoặc đặc quyền

D. bonds
2. UK government experience ...... explaining their decisions to
employees,

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investors, and so on (experience in doing something)
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3. 4.

5. 6.

7. 8.

9.

hire
In order to persuade investors........, you need to write a business
plan

A. on B. in
Bonds-issuing companies use investment banks to find.....
A. investors B. workers C. investigators
Most lazy people are incapable of .... responsibility for
themselves.

Trách nhiệm
A. take B. taking C. taken

take
Pete, can I ...... your money?

A. steal B. get C. borrow

D. within D. staffs

D. to D.
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C. with

Thuyết phục
A.investing B. invests C. invested D. to invest People use..... such
as cars, houses, and so on to apply for a mortgage

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A. money B. shares C. bonds D. assets Workers have to spend an
amount of money for the government, which is called....

A. salary B. fee C. tax D. money Some people are good.....

management ( good for= useful/helpful)

A. on B. at C. in 10. People would rather .... told what to do

A. be B. to be C. was
11. Companies regular ....... their activities by issuing bonds

A. pay B. finance tài trợ C. cash 12. Most bonds..... interest rates

A. has fixed B. have fixed C. has changed changed

D. for

D. are D. fund

D. have

13. The price ...... a buyer is prepared to buy a security at a

particular time
A. at which B. in which C. on Which D. what

14. Do banks tend (xu hướng) .... lend to people who

might ....repay? A. in/ not be able to B. to/ not be able to
C. to/ be able to D. in/ be able to

15. Economic growth.... emerging markets is leading to greater

purchasing power Thị trường mới nổi lớn/ nhiều

A. with B. with the C. in D. in the

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16. The fund invests in companies whose product and services

generate long-term economic, ..... and social benefits

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A. ecology B. ecologist C. ecological sinh thái D. ecologied

17. Protection fund aims .... achieve a steady inflation protected

return in euros A. to B. for C. with D. by Quỹ bảo vệ nhằm A. đạt
được lợi nhuận ổn định được bảo vệ trước lạm phát

bằng euro.

18. Investments ..... globally with no restrictions as to country,

currency or sector A. are made B. make C. are effected D. realized

19. Any area of investment that promises growth is going to spark

.... a little interest

B. more than C. more D. less ..... way of raising money

B. interesting C. interested D. interests III. Build the following

sentences.

1. Company finance/ most/ activity/ by way/ internal/ generate/

cash flows. Companies finance most of their activities by way of
internally generated cash flows
2. Company/ general/ use/ investment/ bank/ issue/ bonds.

Companies generally use an investment bank to issue their

bonds. ....
3. Bondholder/ get/ back/ them/ original/ invest/ fix maturity date.
...... Bondholders get back their original investment on a fixed
maturity date. 4. Most/ bond/ have/ fix/ interest/ rate.
Most bonds have fixed interest rates

5. Government/ also issue/ bond/ raise money/ and these/

consider/ a risk-free invest.

... Governments also issue bonds to raise money, and these are
considered to be a risk-free investment.
...
6. Price/ bond/ vary/ inversely/ interest/ rate.

... The price of bonds varies inversely with interest rates. ..

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A. less than
20. Bonds are very

A. interest

7. Bond/ sale/ instrumental/ that/ can/ trade/ second/ bond/

market.
... Bonds are saleable instruments that can be traded on the
secondary bond market.
..
8. Fund managers / and / speculator / rush / buy /government
bonds.
... Fund managers and speculators rushed to buy government
bonds.
..
9. The central bank / will / create /new money / buy £75bn /
assets.
The central bank will create new money to buy £75bn of assets.

..
UK government bonds soared for a second day yesterday after
the Bank of Englad unveiled plans to buy billions of pounds of
assets to kickstart the economy.
Good news is thin on the ground for investors.
As it is still unclear whether we are headed for a worldwide
recession or depress in.
So any area of investment that promises growth is going to spark
more than a little interest.
It means that fund managers who choose wisely can make decent
money from this area.
Investors have an opportunity to benefit from the industry’s high
rate of growth. This fund invests in debt securities in various
currencies issued by government , institutions and companies in
emerging markets.
Emerging markets today account for one third of economic
activity worldwide and three-quarters of global growth.
High – yield US fund aims to achieve a high level of income.
The fund invests in companies whose products generate long-
term economic , ecological and social benefits.
Loans are administered by established microfinance institutions
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on three continents.
Investments are made globally with no restrictions as to country ,
currency or sector.
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IV. Translate into Vietnamese.

1. If they need to raise more money to expand their operations,
they can either issue new shares – or borrow money, usually by
issuing bonds.
2. Nếu họ cần tăng thêm tiền để mở rộng hoạt động của mình, họ
có thể phát hành cổ phiếu mới - hoặc vay tiền, thường là bằng
cách phát hành trái phiếu.
3. ...............................................................................................
.
4. ...............................................................................................
.
5. ............
6. For investors, bonds are generally safer than stocks or shares,
because if an insolvent or bankrupt company sells its assets,
bondholders are among the creditors who might get some of their
money back.

... Đối với các nhà đầu tư, trái phiếu thường an toàn hơn cổ
phiếu hoặc cổ phiếu, bởi vì nếu một công ty mất khả năng
thanh toán hoặc phá sản bán tài sản của mình, các trái phiếu
là một trong những chủ nợ có thể lấy lại một số tiền của
họ.............................................................................................
................................................................................................
............ ....................................................................................
............ ......

7. If tax revenue is insufficient, governments also issue bonds to

raise money, and these are considered to be a risk-free
investment.

1. Nếu doanh thu thuế không đủ, chính phủ cũng phát hành trái
phiếu để tăng tiền và đây được coi là một khoản đầu tư không

15
 có rủi ro

5. Only brave hearts would look at getting back into the stock
market at the moment, as it is still unclear whether we are
headed for a worldwide recession or depression.
 Chỉ có những trái tim dũng cảm mới nhìn vào thị trường
chứng khoán vào lúc này, vì vẫn chưa rõ liệu chúng ta
đang hướng đến một cuộc suy thoái hay trầm cảm trên
toàn thế giới........................
6. This fund aims to achieve a high and steady income and above
average yield, whilst taking into account the security of capital.
=> Quỹ này nhằm mục đích đạt được thu nhập cao và ổn
định và năng suất trên trung bình, trong khi có tính đến sự
bảo mật của vốn.

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