Final Business

25 Questions  I  By MSalmons
It's a multiple choice Business test with 25 questions

  
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Question Excerpt

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1.  Anything generally accepted as a means for paying for goods and services is known as _____________.
A.
B.
C.
D.
2.  Chi-Chung recently took a trip to Uruguay. He was struck by the fact that Uruguayan coins were so large and heavy that his pockets simply couldn't accommodate an ordinary day's supply. In Chi-Chung's opinion, Uruguayan coins could be more ________.
A.
B.
C.
D.
3.  Pham traded 15 acres of undeveloped property for a new home on a one-acre lot. This exchange can be considered a(n) _________.
A.
B.
C.
D.
4.  Which of the following financial assets is most liquid?
A.
B.
C.
D.
5.  All of the following are included in M1 with the exception of ___.
A.
B.
C.
D.
6.  In order to be included in M1, a financial asset _____.
A.
B.
C.
D.
7.  All of the following financial assets are included in M2 EXCEPT ___.
A.
B.
C.
D.
8.  All of the following are reasons why organizations need funds EXCEPT __.
A.
B.
C.
D.
9.  Which of the following investments would be considered closest to cash?
A.
B.
C.
D.
10.  Abdul is the financial manager for Watertown Software. He needs to raise funds for his company and should probably consider ________.
A.
B.
C.
D.
11.  All of the following would add equity capital to a business EXCEPT ___.
A.
B.
C.
D.
12.  All of the following statements concerning debt capital are correct EXCEPT ________.
A.
B.
C.
D.
13.  All of the following are sources of short-term funds EXCEPT ______.
A.
B.
C.
D.
14.  A firm would most likely finance _______ using short-term sources.
A.
B.
C.
D.
15.  The financial manager for a typical corporation is responsible for ___.
A.
B.
C.
D.
16.  Mitch raises money from wealthy individuals and institutional investors for a variety of promising new companies. In exchange, he will become part owner of those businesses. Mitch is a(n) _____________.
A.
B.
C.
D.
17.  Which of the following is a depository financial institution?
A.
B.
C.
D.
18.  All of the following statements are correct EXCEPT _______.
A.
B.
C.
D.
19.  Commercial banks obtain most of their funds from_________.
A.
B.
C.
D.
20.  Banks use most of their funds to _________.
A.
B.
C.
D.
21.  Omar made a purchase at his local Walmart. Instead of writing a check, Omar used a special card issued by his bank. The card has a Vista logo on the front. He entered his PIN and the purchase was automatically deducted from his checking account. Omar used his _____.
A.
B.
C.
D.
22.  Deposit insurance shifts most of the financial risk of bank failures from depositors to ________.
A.
B.
C.
D.
23.  If the Fed reduced reserve requirements, ___________.
A.
B.
C.
D.
24.  Which of the following actions would have the effect of increasing the supply of money and credit and lowering interest rates?
A.
B.
C.
D.
25.  Alexis purchased numerous shares of Google when the company first went public, and now she is looking to sell them at a considerable profit. What would be the main concern for Alexis at the moment she sells?
A.
B.
C.
D.
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