Question 1

Successful investor Warren Buffet owns some _____ stock,which pays a fixed annual dividend.

Accepted Answer

A) discounted 
B) cumulative preferred 
C) preferred 
D) common 
A) discounted 
B) cumulative preferred 
C) preferred 
D) common

Question 2

The Securities Exchange Commission (SEC)enforces laws against insider trading.

Accepted Answer

A) True 
 B)False

Question 3

_____ were originally set up to encourage personal savings and provide mortgages to local home buyers.

Accepted Answer

A) Commercial banks 
B) Savings banks 
C) Credit unions 
D) Brokerage firms 
A) Commercial banks 
B) Savings banks 
C) Credit unions 
D) Brokerage firms

Question 4

The FDIC regulates banks and insures deposits in member banks up to $250,000.

Accepted Answer

A) True 
 B)False

Question 5

Stockholders' equity is the amount invested in a business by its owners.

Accepted Answer

A) True 
 B)False

Question 6

The government tracks the money supply by calculating _____,which includes the most liquid forms of money.

Accepted Answer

A) M-1 
B) M-2 
C) M-10 
D) M-15 
A) M-1 
B) M-2 
C) M-10 
D) M-15

Question 7

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

Accepted Answer

A) True 
 B)False

Question 8

If a commercial bank in which funds you have deposited fails (goes out of business),the FDIC would give you back all of your money.

Accepted Answer

A) True 
 B)False

Question 9

A finance professional may advance from the position of _____ analyst to a managerial position.

Accepted Answer

A) lead 
B) junior 
C) primary 
D) senior 
A) lead 
B) junior 
C) primary 
D) senior

Question 10

As a loan officer at a commercial bank,you must determine the _____ rate that you'll charge your best customers.

Accepted Answer

A) discount 
B) federal funds 
C) preferred 
D) prime 
A) discount 
B) federal funds 
C) preferred 
D) prime

Question 11

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems except:

Accepted Answer

A) individuals and businesses had trouble getting loans. 
B) consumer confidence remained strong. 
C) many lost their jobs. 
D) housing prices dropped. 
A) individuals and businesses had trouble getting loans. 
B) consumer confidence remained strong. 
C) many lost their jobs. 
D) housing prices dropped.

Question 12

Which of the following is not a characteristics of the Over-the-Counter (OTC)market.____________

Accepted Answer

A) stocks traded in the OTC market are generally less risky than stocks traded on the other organized exchanges 
B) the OTC market does not have a physical location 
C) securities are traded in the OTC market among dealers over computer networks 
D) stocks traded in the OTC market are generally those of smaller companies 
A) stocks traded in the OTC market are generally less risky than stocks traded on the other organized exchanges 
B) the OTC market does not have a physical location 
C) securities are traded in the OTC market among dealers over computer networks 
D) stocks traded in the OTC market are generally those of smaller companies

Question 13

Coordinated by a board of _____,the Federal Reserve System consists of 12 districts,each with a member-owned Federal Reserve Bank.

Accepted Answer

A) regents 
B) officers 
C) trustees 
D) governors 
A) regents 
B) officers 
C) trustees 
D) governors

Question 14

The _____ rate is the interest rate paid by a Federal Reserve member bank when it borrows from another member bank to meet its reserve requirements.

Accepted Answer

A) discount 
B) federal funds 
C) open market 
D) mutual funds 
A) discount 
B) federal funds 
C) open market 
D) mutual funds

Question 15

A financial plan shows calculations for the amount of funds that a company needs for a specified period.

Accepted Answer

A) True 
 B)False

Question 16

Checking accounts that pay given sums to "payees" are called order deposits.

Accepted Answer

A) True 
 B)False

Question 17

_____ financing means raising needed capital by selling bonds.

Accepted Answer

A) Equity 
B) Capital 
C) Collateral 
D) Debt 
A) Equity 
B) Capital 
C) Collateral 
D) Debt

Question 18

M-2 is a measure of the money supply that includes everything in M-1 plus near-cash.

Accepted Answer

A) True 
 B)False

Question 19

The three major goals of the Fed are price stability,full employment,and income distribution.

Accepted Answer

A) True 
 B)False

Question 20

Money serves all of the following basic functions except _____.

Accepted Answer

A) medium of barter 
B) medium of exchange 
C) measure of value 
D) store of value 
A) medium of barter 
B) medium of exchange 
C) measure of value 
D) store of value

Successful investor Warren Buffet owns some _____ stock,which pays a fixed annual dividend.

The Securities Exchange Commission (SEC)enforces laws against insider trading.

_____ were originally set up to encourage personal savings and provide mortgages to local home buyers.

The FDIC regulates banks and insures deposits in member banks up to $250,000.

Stockholders' equity is the amount invested in a business by its owners.

The government tracks the money supply by calculating _____,which includes the most liquid forms of money.

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

If a commercial bank in which funds you have deposited fails (goes out of business),the FDIC would give you back all of your money.

A finance professional may advance from the position of _____ analyst to a managerial position.

As a loan officer at a commercial bank,you must determine the _____ rate that you'll charge your best customers.

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems except:

Which of the following is not a characteristics of the Over-the-Counter (OTC)market.____________

Coordinated by a board of _____,the Federal Reserve System consists of 12 districts,each with a member-owned Federal Reserve Bank.

The _____ rate is the interest rate paid by a Federal Reserve member bank when it borrows from another member bank to meet its reserve requirements.

A financial plan shows calculations for the amount of funds that a company needs for a specified period.

Checking accounts that pay given sums to "payees" are called order deposits.

_____ financing means raising needed capital by selling bonds.

M-2 is a measure of the money supply that includes everything in M-1 plus near-cash.

The three major goals of the Fed are price stability,full employment,and income distribution.

Money serves all of the following basic functions except _____.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 13: Managing Financial Resources

Successful investor Warren Buffet owns some _____ stock,which pays a fixed annual dividend.

The Securities Exchange Commission (SEC)enforces laws against insider trading.

_____ were originally set up to encourage personal savings and provide mortgages to local home buyers.

The FDIC regulates banks and insures deposits in member banks up to $250,000.

Stockholders' equity is the amount invested in a business by its owners.

The government tracks the money supply by calculating _____,which includes the most liquid forms of money.

A prospectus is a written offer to sell securities that provides useful information to prospective buyers.

If a commercial bank in which funds you have deposited fails (goes out of business),the FDIC would give you back all of your money.

A finance professional may advance from the position of _____ analyst to a managerial position.

As a loan officer at a commercial bank,you must determine the _____ rate that you'll charge your best customers.

The financial crisis that began in 2006-2007 in the banking industry as a result of the subprime mortgage crisis caused all of the following problems except:

Which of the following is not a characteristics of the Over-the-Counter (OTC)market.____________

Coordinated by a board of _____,the Federal Reserve System consists of 12 districts,each with a member-owned Federal Reserve Bank.

The _____ rate is the interest rate paid by a Federal Reserve member bank when it borrows from another member bank to meet its reserve requirements.

A financial plan shows calculations for the amount of funds that a company needs for a specified period.

Checking accounts that pay given sums to "payees" are called order deposits.

_____ financing means raising needed capital by selling bonds.

M-2 is a measure of the money supply that includes everything in M-1 plus near-cash.

The three major goals of the Fed are price stability,full employment,and income distribution.

Money serves all of the following basic functions except _____.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters