What are the main services offered by financial institutions? - answer-Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions
(Correct! Financial institutions such as banks, insurance companies, and mutual fund companies provide ...
, (TEST) Finance Skills for
Managers - D076
UNIT 2
What are the main services offered by financial institutions? - answer-Accepting a
wide variety of deposits, offering investment products, providing loans, and
brokering financial transactions
(Correct! Financial institutions such as banks, insurance companies, and mutual
fund companies provide these services.)
What is the main objective of personal financial goals? - answer-To maximize
individual utility
(Correct! You set goals and act to increase your satisfaction or happiness by taking
care of necessities and achieving priorities.)
Which task does the financial manager of a firm perform that involves the issuance
of new stocks and bonds? - answer-Making financing decisions
(Correct! Once investment decisions are made, a financial manager considers
different possibilities of financing sources for the investments. This may include
issuing new stocks and bonds.)
Why is understanding the definition of finance important in managing personal
finances? - answer-It helps individuals compare the costs and benefits of an action
to determine whether to take that action.
(Correct! Any financial decision should make sense in terms of its costs and
benefits.)
In which type of market would a company issue bonds or stocks for the first time? -
answer-Primary market
(Correct! This is the purpose of a primary market.)
Which type of financial institution is a mutual fund? - answer-Investment institution
(Correct! Investment institutions provide individuals and firms access to financial
markets.)
Which financial institution specializes in managing and administering retirement
funds? - answer-Pension funds
(Correct! Pension funds specialize in retirement funds.)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TOPDOCTOR. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £9.21. You're not tied to anything after your purchase.
