FINANCE TEST BANK

Chapter 05: THE FEDERAL RESERVE True / False 1. The power to create money is given by the Constitution to the Federal Reserve. ANSWER: QUESTION TYPE: False True / False ANSWER: QUESTION TYPE: False True / False ANSWER: QUESTION TYPE: True True / False a. b. True False 2. When commercial banks grant loans to the public, their total reserves are reduced. a. b. True False 3. When corporations retire (pay off) loans from commercial banks, excess reserves are increased. a. b. True ...

Chapter 03 Analyzing Financial Statements Multiple Choice Questions 1. Which of the following refer to ratios that measure the relationship between a firm's liquid (or current) assets and its current liabilities? A. Cross-section B. Internal growth C. Liquidity D. Market value 2. Which type of ratio measures the dollars of current assets available to pay each dollar of current liabilities? A. Cross-section B. Current C. Internal-growth D. ...

Testbank to accompany Financial Reporting by Loftus et al © John Wiley & Sons Australia, Ltd 2016   Chapter 3: Fair value measurement Multiple Choice Questions 1) Which of the following is not one of the key reasons given by the IASB for issuing a standard on fair value measurement: a) To establish a single source of guidance for all fair value measurements required or permitted by IFRSs to reduce complexity and improve consistency in thei...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

Chapter 03 Analyzing Financial Statements Multiple Choice Questions 1. Which of the following refer to ratios that measure the relationship between a firm's liquid (or current) assets and its current liabilities? A. cross-section B. internal-growth C. liquidity D. market value 2. Which type of ratio measures the dollars of current assets available to pay each dollar of current liabilities? A. cross-section B. current C. internal-growth D. quick or acid-...

Chapter 2 World Trade and the International Monetary System Notes to instructors: Answers to non-numeric multiple choice questions are arranged alphabetically, so that answers are randomly assigned to the five outcomes. True/False 1. Markets are integrated when an asset sells for the same price wherever it is traded. True. 2. The world’s financial markets are becoming increasingly segmented as large international commercial banks achieve more and more economic power. ...

1. Financial literacy is your knowledge of facts, concepts, principles, and technological tools that are fundamental to be smart about money. a. True b. False ANSWER: a POINTS: 1 DIFFICULTY: Easy REFERENCES: Recognize the keys to achieving financial success QUESTION TYPE: Multiple Choice HAS VARIABLES: False KEYWORDS: Bloom’s: Remembering OTHER: Analytic DATE CREATED: 1/17/2017 12:41 AM DATE MODIFIED: 1/31/2017 11:55 AM 2. Being financially responsibl...

Personal Finance, 6e (Madura) Chapter 1 Overview of a Financial Plan 1.1 How You Benefit from Personal Finance 1) Most Americans will never be able to understand and develop a personal financial plan. Answer: FALSE Diff: 1 Question Status: Previous edition 2) The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. Answer: TRUE Diff: 2 Question Status: Previous edition 3) An understanding of personal finan...

1. The average propensity to consume is commonly viewed as a key determinant of standard of living. a. True b. False ANSWER: False 2. Financial planning can improve your standard of living. a. True b. False ANSWER: True 3. Standard of living is defined as the necessities, comforts, and luxuries desired by an individual or a family. a. True b. False ANSWER: True 4. Personal financial plans help individuals have the same standard of living across the...

1. The federal personal income tax is a progressive tax. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: PFIN.BILL.17.3-1 - LO: 3-1 NATIONAL STANDARDS: United States - BUSPROG: Analytic skills - BUSPROG: Analytical skills STATE STANDARDS: United States - KS - DISC: Financial Analysis and Cas - DISC: Financial Analysis and Cash Flows United States - AK - DISC: Taxes KEYWORDS: Bloom's: Remembering 2. The federal personal income tax ...