Question 1

Which of the following best describes credit cards?

Accepted Answer

A)  They are sometimes referred to as funny money. 
B)  They replace money. 
C)  They are used as a substitute for cash but not cheques. 
D)  They defer payment to a later point in time. 
A)  They are sometimes referred to as funny money. 
B)  They replace money. 
C)  They are used as a substitute for cash but not cheques. 
D)  They defer payment to a later point in time.

Question 2

Which of the following influences other interest rates, the exchange rate, and the demand for our products?

Accepted Answer

A)  bond rate 
B)  going rate 
C)  prime rate 
D)  overnight interest rate 
A)  bond rate 
B)  going rate 
C)  prime rate 
D)  overnight interest rate

Question 3

The Canadian money supply has three parts: currency, demand deposits, and time deposits.

Accepted Answer

A) True 
 B)False

Question 4

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is an example of a trend that is influencing the direction of banking today?

Accepted Answer

A)  integration of banking with insurance and brokerage services 
B)  reduction in the range of services banks are allowed to offer 
C)  reduction in the number of banks 
D)  use of more tellers 
A)  integration of banking with insurance and brokerage services 
B)  reduction in the range of services banks are allowed to offer 
C)  reduction in the number of banks 
D)  use of more tellers

Question 6

Which type of bond is an example of a secured bond?

Accepted Answer

A)  premium bond 
B)  debenture bond 
C)  mortgage bond 
D)  indenture bond 
A)  premium bond 
B)  debenture bond 
C)  mortgage bond 
D)  indenture bond

Question 7

Which of the following is an example of a depository financial institution?

Accepted Answer

A)  consumer finance company 
B)  pension fund 
C)  credit union 
D)  commercial finance company 
A)  consumer finance company 
B)  pension fund 
C)  credit union 
D)  commercial finance company

Question 8

Under no circumstances should you use online sources for investment information.

Accepted Answer

A) True 
 B)False

Question 9

What is another name for a stockbroker?

Accepted Answer

The answer of What is another name for a stockbroker?...

Question 10

Which of the following is the biggest benefit of online investing?

Accepted Answer

A)  more advice 
B)  faster trades 
C)  lower transaction costs 
D)  better information 
A)  more advice 
B)  faster trades 
C)  lower transaction costs 
D)  better information

Question 11

Which type of bond is an example of an unsecured bond?

Accepted Answer

A)  discount bond 
B)  debenture bond 
C)  premium bond 
D)  indenture bond 
A)  discount bond 
B)  debenture bond 
C)  premium bond 
D)  indenture bond

Question 12

What are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand?

Accepted Answer

A)  term deposits 
B)  growth deposits 
C)  yield deposits 
D)  dividend deposits 
A)  term deposits 
B)  growth deposits 
C)  yield deposits 
D)  dividend deposits

Question 13

What are two types of equity securities?

Accepted Answer

A)  common shares and preferred shares 
B)  common shares and debentures 
C)  debentures and convertible bonds 
D)  convertible bonds and preferred shares 
A)  common shares and preferred shares 
B)  common shares and debentures 
C)  debentures and convertible bonds 
D)  convertible bonds and preferred shares

Question 14

Durability and simplicity are two important characteristics of money.

Accepted Answer

A) True 
 B)False

Question 15

What are demand deposits?

Accepted Answer

money kept

Question 16

What is the interest rate specified on the bond that the company must pay the bondholder?

Accepted Answer

A)  premium rate 
B)  dividend 
C)  coupon rate 
D)  discount rate 
A)  premium rate 
B)  dividend 
C)  coupon rate 
D)  discount rate

Question 17

Which of the following is NOT one of the three parts of the Canadian money supply?

Accepted Answer

A)  stocks and bonds 
B)  time deposits 
C)  demand deposits 
D)  currency 
A)  stocks and bonds 
B)  time deposits 
C)  demand deposits 
D)  currency

Question 18

What is a mutual fund?

Accepted Answer

an investment compan

Question 19

Standard and Poor's has evaluated Syntex Corporation's new issue of bonds as BB+. This is an example of which of the following?

Accepted Answer

A)  leverage rating 
B)  capital rating 
C)  quality analysis 
D)  bond rating 
A)  leverage rating 
B)  capital rating 
C)  quality analysis 
D)  bond rating

Question 20

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase. Textron must pay back the $1,000 on August 1, 2015. The $1,000 is known as which of the following?

Accepted Answer

A)  premium amount 
B)  market value 
C)  principal 
D)  book value 
A)  premium amount 
B)  market value 
C)  principal 
D)  book value

Which of the following best describes credit cards?

Which of the following influences other interest rates, the exchange rate, and the demand for our products?

The Canadian money supply has three parts: currency, demand deposits, and time deposits.

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Which of the following is an example of a trend that is influencing the direction of banking today?

Which type of bond is an example of a secured bond?

Which of the following is an example of a depository financial institution?

Under no circumstances should you use online sources for investment information.

What is another name for a stockbroker?

Which of the following is the biggest benefit of online investing?

Which type of bond is an example of an unsecured bond?

What are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand?

What are two types of equity securities?

Durability and simplicity are two important characteristics of money.

What are demand deposits?

What is the interest rate specified on the bond that the company must pay the bondholder?

Which of the following is NOT one of the three parts of the Canadian money supply?

What is a mutual fund?

Standard and Poor's has evaluated Syntex Corporation's new issue of bonds as BB+. This is an example of which of the following?

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase. Textron must pay back the $1,000 on August 1, 2015. The $1,000 is known as which of the following?

Political Environment

Economic Environment

Social Environment

Technological Environment

International Environment

Entrepreneurship and Small Business

Understanding the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing

Creating Marketing Strategies

Achieving World-class Operations Management

Accounting for Financial Success

Finance

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Exam 17: Understanding Money and the Canadian Financial System

Which of the following best describes credit cards?

Which of the following influences other interest rates, the exchange rate, and the demand for our products?

The Canadian money supply has three parts: currency, demand deposits, and time deposits.

The overnight rate is the interest rate that the Bank of Canada charges member banks for loans.

Which of the following is an example of a trend that is influencing the direction of banking today?

Which type of bond is an example of a secured bond?

Which of the following is an example of a depository financial institution?

Under no circumstances should you use online sources for investment information.

What is another name for a stockbroker?

Which of the following is the biggest benefit of online investing?

Which type of bond is an example of an unsecured bond?

What are deposits at a bank or other financial institution that pay interest but cannot be withdrawn on demand?

What are two types of equity securities?

Durability and simplicity are two important characteristics of money.

What are demand deposits?

What is the interest rate specified on the bond that the company must pay the bondholder?

Which of the following is NOT one of the three parts of the Canadian money supply?

What is a mutual fund?

Standard and Poor's has evaluated Syntex Corporation's new issue of bonds as BB+. This is an example of which of the following?

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase. Textron must pay back the $1,000 on August 1, 2015. The $1,000 is known as which of the following?

Political Environment

Economic Environment

Social Environment

Technological Environment

International Environment

Entrepreneurship and Small Business

Understanding the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing

Creating Marketing Strategies

Achieving World-class Operations Management

Accounting for Financial Success

Finance

Filters