quiz chapters 15-16
High inflation rates. Spending money as fast as they received it. Money lacks....
Another name for a checking account is...
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....
A non-banking institution that buys and sells stocks for customers is a...
Which of the following reduces the costs of handling bank transactions and are found in banks, airports..?
automated telling machines
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....
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....
The most widely used source of short-term financing is....
Borrow $100,000. Pays back $120,000. The $100,000 represents....
The amount of money budgeted for the purchase of long-term assets is called the....
Which of the following is an example of a long-term liability?
The last in line for the payment of profits are the....
Stockholders who may receive dividends but cannot vote are called....
The only long-term funds that a company can generate internally are...
One aspect of financial management involves managing cash flow for a business on a daily, weekly, monthly, yearly basis
A lockbox is a technique for getting cash into a business's account faster.
Commercial paper is issued by large companies and backed by collateral