How can we help?

You can also find more resources in our Help Center.

quiz chapters 15-16

STUDY
PLAY
High inflation rates. Spending money as fast as they received it. Money lacks....
stability
Another name for a checking account is...
demand deposit
The Fed. Reserve System was established to...
regulate the banking industry
Finance a business through the same financial institution that they own and only the are allowed to join, it is a....
credit union
A non-banking institution that buys and sells stocks for customers is a...
brokerage firm
Which of the following reduces the costs of handling bank transactions and are found in banks, airports..?
automated telling machines
Finance companies...
typically function as the lender of last resort for individuals and businesses with poor credit ratings or whose other lines of credit have been exhausted
Cash, investments, accounts receivable, and inventory are also known as....
current assets
The goal of financial managers who focus on currents assets is to....
maximize returns on short-term assets
When banks repossess trucks from Dan, the trucks are....
collateral
The most widely used source of short-term financing is....
trade credit
Borrow $100,000. Pays back $120,000. The $100,000 represents....
principal
The amount of money budgeted for the purchase of long-term assets is called the....
capital budget
Which of the following is an example of a long-term liability?
bond
The last in line for the payment of profits are the....
common stockholders
Stockholders who may receive dividends but cannot vote are called....
preferred stockholders
The only long-term funds that a company can generate internally are...
retained earnings
One aspect of financial management involves managing cash flow for a business on a daily, weekly, monthly, yearly basis
true
A lockbox is a technique for getting cash into a business's account faster.
true
Commercial paper is issued by large companies and backed by collateral
false