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NAF EOC EXAM QUESTIONS & ANSWERS 2023/2024 4 Ps of marketing - ANSWER-four major aspects of marketing price, promotion, product, and place (DISTRIBUTION) Accounting - ANSWER-Theory and system of setting up,maintaining, and auditing the books of a firm, art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, and so forth. Added Value - ANSWER-Increase in worth of a product or service as a result of a particular a...

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NAF Exam Study Guide questions with answers

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NAF Exam Study Guide With Updated Solutions. Financial Literacy - answerBeing Financial Literate is when your able to manage your money well, plan for the future and make reasonable decisions. Needs - answerThings you can't live without Wants - answerThings you would like to have Time value of Money - answerIt refers to the idea that a dollar in hand today is worth more than a dollar in the future. In other words, money avaliable now is worth more than the same amount in the future. In...

NAF exam review questions & answers 2023/2024 Bond Market - ANSWER-A financial market where participants buy and sell debt securities, usually in the form of bonds. Bond (Municipal) - ANSWER-A bond issued by a state, U.S. territory, city, local government, or other agencies. Bond (Corporate) - ANSWER-A bond issued by a corporation. The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after the issue date. Blue Chip Stoc...

NAF Exam Study Guide Questions & Answers 2023/2024 Financial Literacy - ANSWER-Being Financial Literate is when your able to manage your money well, plan for the future and make reasonable decisions. Needs - ANSWER-Things you can't live without Wants - ANSWER-Things you would like to have Time value of Money - ANSWER-It refers to the idea that a dollar in hand today is worth more than a dollar in the future. In other words, money avaliable now is worth more than the same amount in t...

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NAF Exam Study Guide Latest Update | 2024/2025 | Rated A+ Account reconciliation Is a process that compares two sets of forms to make sure they correspond Account summary Gives you a quick snapshot of your beginning balance, your total deposits and withdrawals, (money taken out of the account), the total service charges and/or feeds, and you ending balance for the specific statement record dates Acquisition When one company takes over another company APR Annual Percentage Rate,...