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WGU D076 FINANCE SKILLS FOR MANAGERS OA BANK 2024/2025 | 200 ACCURATE CURRENTLY TESTING QUESTIONS WITH VERIFIED ANSWERS AND RATIONALES PLUS A STUDY GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS $22.99
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WGU D076 FINANCE SKILLS FOR MANAGERS OA BANK 2024/2025 | 200 ACCURATE CURRENTLY TESTING QUESTIONS WITH VERIFIED ANSWERS AND RATIONALES PLUS A STUDY GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS
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WGU D076 FINANCE SKILLS FOR MANAGERS OA BANK 2024/2025 | 200 ACCURATE CURRENTLY TESTING QUESTIONS WITH VERIFIED ANSWERS AND RATIONALES PLUS A STUDY GUIDE | EXPERT VERIFIED FOR GUARANTEED PASS

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  • October 25, 2024
  • 55
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wgu d076
  • wgu
  • wgu d076 finance skills for managers oa bank 2024
  • wgu d076 finance skills for managers oa bank
  • wgu d076 finance skills for managers

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WGU D076 FINANCE SKILLS FOR MANAGERS OA BANK
2024/2025 | 200 ACCURATE CURRENTLY TESTING
QUESTIONS WITH VERIFIED ANSWERS AND RATIONALES
PLUS A STUDY GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS

Maria and Mateo are setting financial goals. They decide that they need to save $200 each month
to reach their goal of taking their children to visit their grandparents in Spain next summer. What
is the objective of setting such a goal?
A) To maximize individual utility
B) To minimize expenses
C) To increase savings
D) To avoid debt
Correct Answer: A
Rationale: The objectives of personal financial goals is to maximize individual utility.


Which professional works with individuals to help them achieve their financial goals?
A) Financial analyst
B) Financial advisor
C) Financial planner
D) Investment banker
Correct Answer: C
Rationale: Professional financial planners work with individuals to help them achieve their
financial goals.


Omar is about to purchase a new car for $30,000. He knows he wants to buy the car, but he is
still trying to decide how to pay for it. He has barely over $30,000 in his bank account. He can
either take out an auto loan from a bank or use a mix of cash and an auto loan. In this scenario,
what is Omar doing?
A) Financing a goal
B) Saving for a goal

,C) Budgeting
D) Investing
Correct Answer: A
Rationale: He has already made a decision to purchase the car and is now deciding on financing
options.


What are the purposes of financial markets?
A) To provide liquidity and to determine prices
B) To regulate the economy
C) To create new securities
D) To offer loans to businesses
Correct Answer: A
Rationale: Financial markets facilitate liquidity and help determine the prices of assets.


In which financial market are securities such as stocks and bonds traded after their initial
issuance?
A) Primary market
B) Secondary market
C) Money market
D) Capital market
Correct Answer: B
Rationale: Financial securities are first sold in the primary market and then traded among
investors in the secondary market.


What kind of market primarily allows institutions to borrow and lend in the short term?
A) Capital market
B) Money market
C) Stock market
D) Bond market

,Correct Answer: B
Rationale: Assets in money markets are typically highly liquid and intended for use within a year
or less.


A local start-up company just hit its five-year anniversary and is planning an initial public
offering sometime this year. In order to issue public stock, which market will the company use?
A) Secondary market
B) Capital market
C) Primary market
D) Money market
Correct Answer: C
Rationale: When a company issues stock for the first time to raise capital, shares must initially be
sold through a primary market.


What is the primary role of financial institutions?
A) To conduct financial transactions such as investments, loans, and deposits
B) To regulate the economy
C) To monitor financial markets
D) To provide insurance
Correct Answer: A
Rationale: Financial institutions facilitate transactions between savers and borrowers.


What is a depository institution?
A) An institution that invests in equities
B) An institution that accepts and pays interest on deposits of money, as well as extends loans
C) A firm that provides financial advice
D) A company that manages investments
Correct Answer: B
Rationale: Depository institutions take in deposits and provide loans to consumers and
businesses.

, Which financial institution ensures that a nation's economy remains healthy by controlling the
amount of money circulating in the economy?
A) Commercial banks
B) Credit unions
C) Investment banks
D) Central banks
Correct Answer: D
Rationale: Central banks control the supply of money in the economy to maintain economic
stability.


How do insurance companies pay policyholders when a claim is made?
A) By issuing new stocks
B) By selling their assets
C) By investing premiums and using returns to cover claims
D) By collecting more premiums
Correct Answer: C
Rationale: Insurance companies invest the money they earn from premiums, and then use the
returns to fill claims.


Which type of financial institution deals mainly with providing for retirement through
employers?
A) Investment banks
B) Pension funds
C) Mutual funds
D) Commercial banks
Correct Answer: B
Rationale: Pension funds are designed specifically to manage retirement savings for employees.

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