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FIN 100 QUIZ 1| VERIFIED SOLUTION

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FIN 100 QUIZ 1 The is primarily responsible for the amount of money that is created, although most of the money is actually created by depository institutions. Selected Answer: Federal Reserve System Correct Answer: Federal Treasury • Question 2 2.5 out of 2.5 points The goal of the...

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  • March 22, 2022
  • 7
  • 2021/2022
  • Exam (elaborations)
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FIN 100 QUIZ 1

• Question 1
0 out of 2.5 points


The is primarily responsible for the amount of money
that is created, although most of the money is actually created by
depository institutions.
Selected
Answer: Federal Reserve
System
Correct
Answer: Federal Treasury
• Question 2
2.5 out of 2.5 points


The goal of the financial manager in a profit-seeking organization is to
maximize:
Selected
Answer: the owners’
wealth.
Correct
Answer: the owners’
wealth.
• Question 3
2.5 out of 2.5 points


Finance is:

, Selected
Answer: the study of how individuals, institutions, governments, and
businesses acquire, spend, and manage money and other
financial assets
Correct
Answer: the study of how individuals, institutions, governments, and
businesses acquire, spend, and manage money and other
financial assets
• Question 4
2.5 out of 2.5 points


The study of how growth-driven, performance-focused, early stage firms
raise financial capital and manage operations and assets is called:
Selected
Answer: entrepreneurial
finance
Correct
Answer: entrepreneurial
finance
• Question 5
2.5 out of 2.5 points


behavior refers to how an individual or organization treats
others legally, fairly, and honestly.
Selected
Answer: Ethic
al
Correct
Answer: Ethic
al
• Question 6
2.5 out of 2.5 points


An effective financial system needs:

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