Exam 13: Managing Financial Resources

A market index is a measure for tracking stock prices.

When a family member loans money to start up a business,he or she should not insult the borrower by drawing up a formal loan agreement.

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. -The most important estimate in your financial plan will be your _____.

_____ funds pay interest to investors who have pooled funds to make short-term loan to businesses and government bodies.

One of the actions that can be taken by the Fed is to raise or lower the inflation rate.

Under _____ systems,people trade goods and services directly for one another.

Preferred stockholders bear the ultimate rewards and risks of ownership.

Bartering means trading something for something else that another party wants.

Money market mutual funds pay interest to investors who have pooled funds to make short-term loans to businesses and government bodies.

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. -Price stability is among the three major goals of the Federal Reserve System.

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 growing trend in the U.S. ,it's entirely possible that Sherry's bank will merge with a larger bank.