Exam 13: Managing Financial Resources

A finance professional holds the position of _____.

The _____ rate is the rate of interest that the Fed charges member banks.

_____ stock requires a corporation to pay all current and missed preferred dividends before paying any common stock dividends.

A(n)_____ market is a period of declining or sluggish stock prices.

The fact that people are willing to save money for future purposes describes which function of money _____.

Collateral is something that you pledge in order to guarantee repayment of a loan.

Because they don't accept deposits from individuals or provide traditional banking services,_____ are characterized as nondeposit institutions.

The best-known stock market is the American Stock Exchange.

From an entry-level position-usually called analyst-the finance professional may advance to the position of junior analyst.

For financial transactions to occur,money must _____.

The Fed performs all of the following functions except:

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 can offer customers checking accounts and savings accounts but probably not electronic banking.

The Fed does all of the following except _____.

If a bank issues you a line of credit,you can borrow:

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. -Because it's a nondepository institution,Community First Bank will probably never offer trust services.

The DJIA (Dow Jones Industrial Average)is the total value of a "market basket" of 30 large companies headquartered in the United States.

In the process of becoming a publicly-traded corporation,a company needs the help of a commercial bank.

Mary Matthews is creating a(n)_____ that calculates the amount of funds that her company needs for a specified period of time.

You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. -Your first business loan will probably entail pledging personal or business assets in the form of _____.

Prices of stocks included in the NASDAQ composite index have remained is very stable over the past 20 years.