Finance Ops Sem 1 Exam Review

Is buying on margin an example of a short term or long term investment strategy

A nation is experiencing a budget surplus when it spends

Which of these is NOT a public want

If a limited partership's business fails, they are liable only for what they invested

A minimum down payment could result in

True or False: A shortage of goods or services is called Scarcity

The Federal Deposition Insurance Company insures depositors against losing their money in case 

Your checking account is overdrawn when you

What must businesses provide to customers in order to satisy their wants and needs?

A monthly bank statement on your checking account usually includes

Credit card holders that pay off their balances each month are known as

Define Balance of Trade

The name of the written document that states how a partnership is organized

What is interest earned only on the money you deposited into your savings account or principle

How could a credit card holder begin to correct a mistake on a credit card bill

What is the formula for calculating the total return on a stock

Which economic system is characterized by having central authority make all economic decisions

Which of the following is NOT a disadvantage of organizing a sole proprietorship

Who are legal owners of a corporation

Which offers less risk, high yield, and earlier dividends than common stock

How many Federal Reserve district banks are there in the U.S.

What term refers to an application to operate as a corporation?

What is a Tariff?

A Credit Bureau is required to make sure the info in a person's file is

Identify a disadvantage of organizing a business as a corporation

How society chooses to use resources to produce & distribute goods & services for consumption:

Which of the 5 C's requires a person's assets exceed his or her liabilities

Which of the following is a credit card an example of

Unemployment statistics are an important indicator of

Financial professionals consider shares in AT&T to be

Define Embargo

Which business cycle is identified as a peak in economic activity 

The Federal Reserve System is central banking organization for what country

An accounting period of 1 year for a company is referred to as a(n)

What is the time frame for short term goals

Credit cards allow you to borrow money for

What 3 countries are involved in NAFTA

What is the name of the legal form that asks stockholders to transfer their voting rights

What is the time frame for long term goals

Which economic system is a combination of a command and a market economy?

The way in which people make, distribute, and use their goods is called

An increase in the cost of goods and services is an indication of 

Stockholders lose __ if the corporation goes out of business and own millions of $ in creditors

What is an electronic funds transfer

Most over-the-counter stock is traded through

Which of the following is the name of a Bank Regulation Agency

Limited resources can also be called

Which of these resources would include raw materials from nature used to produce goods

Which shares are owned by a small group of people and not traded openly in the stock market

A network of dealers who buy and sell stock that are not listed on securities exchange is  

A secure loan is backed by what?

Which of these is NOT an example of currency

WHoch of the following is NOT an example of a service 

Many small and family-owned businesses operate as a

When the value of a country's currency goes up compared to another country's is called

The price when supply meets demand is called _____ price

What provides stockholders a share in the earnings that remain after stated dividends are paid

The ability to quickly turn an investment into cash is called

What do local, state and federal governments satisfy

A Stop Order requests that stock brokers do what?

What is Gross Domestic Product?

What term represents the annual dividend paid by an investment