Exam 13: Managing Financial Resources

The distinction of _____ is usually an investment-analyst designation.

You're the president of a savings bank that just took in a deposit of $100.Your bank's reserve requirement is 10 percent.Using the concept of the money multiplier,the deposit will generate how much in loans?

A(n)_____ is a financial plan that projects cash inflows and outflows over a period of time.

Equity financing means raising needed capital by selling bonds.

Individual retirement accounts (IRAs)can accumulate money that's tax free until the investor retires.

The government compiles two measures for the purpose of tracking the money supply: M-1 and M-2.Which of the following is not included in the government's calculation of M-2?

New businesses are generally financed by _____.

______ employ finance professionals as loan officers to work with clients requesting personal or business loans.

Chartered Financial Analyst is usually a corporate-finance designation.

Credit unions offer only limited services to their members,who must be linked to a particular group such as employees of the State of North Carolina.

Most positions in finance fall into one of three broad areas,one of which is corporate finance.

In conducting open market operations,the Fed sells and purchases U.S.government bonds on the open market.

_____ review and recommend prospective investments to company managers.

Debt securities that require annual interest payments to bond holders are called _____.

Amortization is the schedule by which you'll reduce the balance of your debt.

Jose is starting a Mexican restaurant.He plans to borrow money to buy a building to house the restaurant.Which of the following will Jose most likely use to finance the building?

Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She’s worked hard at her job, knows her bank’s financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. -Sherry works at the most common type of financial institution in America.

All of the following are among the Fed's three major goals except _____.

Which of the following is true about the NASDAQ (National Association of Securities Dealers Automated Quotations)?

_____is the process of monitoring cash inflows and outflows to ensure that a company has sufficient cash on hand.