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Sample Test - TCNH - 1st June 2023
Sample Test - TCNH - 1st June 2023
Ngày thi…………………………………….
Lưu ý: Sinh viên không được sử dụng tài liệu và từ điển, trả lại đề cùng với bài thi
Attention: Students are NOT allowed to use any study materials and dictionaries in this test.
Mobile phones are strictly PROHIBITED. Write your answers on the exam paper provided.
Factoring is a short-term (1) … of finance in which the factor (usually a bank) (2) … the unpaid
invoices at a discount from the supplier concerned with or without (3) … The former means the
factoring company will have the right to ask for money (4) … from the supplier if they can not
collect the debt from the debtor. In other words, the factor will buy debt at the (5) … risk if the
debtor is seen as a (6) … risk customer. However, the factor may also purchase the unpaid invoices
from the supplier without recourse (he can not get money back from the supplier or he buys debt
at his (7) … risk) provided that the debtor is a good risk customer. Finally, if the factor thinks the
debtor is a bad risk one, he will decide (8) … to buy the debt at all. Factoring is an expansive
method of (9) … There are three types of full factoring. They are sales ledger administration,
advance and cash flow (10).….
3………………………. 7……………………………….
4……………………... 8……………………………….
A B
1. Monopoly a. An office where banks exchange checks drawn on one
another.
2. Clearing house b. IOU issued by a company to raise a short-term loan
(or short-term obligations of industrial companies)
3. Commercial paper c. The interest rate that the central bank charges when it
lends to member banks
4. Inflation d. Share with no fixed dividend rate
5. Common stock e. An increase in market prices and a fall in the
purchasing power of money
6. A run f. Exclusive control of commodity or service in a given
market
7. Foreclose g. A rush by depositors to remove their funds from a
bank
8. Red tape h. The practice of charging rates of interest that are
higher than the fair and legal limits
9. Discount i. To take possession of property given as security for a
loan because the loan has not been paid as agreed
10. Usury j. The use of official forms and procedures that reduce
efficiency
Give reasons for your answer and include any relevant examples from your own knowlegde and
experience. Write at least 300 words.