Question 1

Preferred shareholders have the voting rights in a corporation.

Accepted Answer

A) True 
 B)False  False

Question 2

According to your text,which type of bonds was issued by FedEx?

Accepted Answer

A)  credit bonds 
B)  revenue bond bonds 
C)  premium bond bonds 
D)  debenture bonds 
A)  credit bonds 
B)  revenue bond bonds 
C)  premium bond bonds 
D)  debenture bonds D

Question 3

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase.Textron must pay back the $1,000 on August 1,2015.The $1,000 is known as which of the following?

Accepted Answer

A)  the premium amount 
B)  the market value 
C)  the principal 
D)  the book value 
A)  the premium amount 
B)  the market value 
C)  the principal 
D)  the book value C

Question 4

If you are optimistic about the outlook for the stock market and the near-term economy,you have a bullish outlook.

Accepted Answer

A) True 
 B)False

Question 5

Which system is the first electronic-based stock market and the largest over-the-counter market?

Accepted Answer

A)  AMEX 
B)  NASA 
C)  NASDAQ 
D)  AMC 
A)  AMEX 
B)  NASA 
C)  NASDAQ 
D)  AMC

Question 6

How do investors use bond ratings?

Accepted Answer

to evaluat

Question 7

Which of the following is a class of ownership interest that receives dividends first but does not have the right to vote?

Accepted Answer

A)  pre-emptive shares 
B)  convertible shares 
C)  common shares 
D)  preferred shares 
A)  pre-emptive shares 
B)  convertible shares 
C)  common shares 
D)  preferred shares

Question 8

Which of the following financial institutions is a not-for-profit institution?

Accepted Answer

A)  a savings bank 
B)  a credit union 
C)  a commercial bank 
D)  a savings and loan association 
A)  a savings bank 
B)  a credit union 
C)  a commercial bank 
D)  a savings and loan association

Question 9

Megan Voorhees recently inherited $200,000.She has invested the inherited money in real estate and government securities.Voorhees is using her money for which of the following purposes?

Accepted Answer

A)  a store of value 
B)  a medium of exchange 
C)  a commodity of exchange 
D)  a measure of wealth 
A)  a store of value 
B)  a medium of exchange 
C)  a commodity of exchange 
D)  a measure of wealth

Question 10

The Canadian Deposit Insurance Corporation insures deposits in commercial banks.The CDIC was created as one of which of the following institutions?

Accepted Answer

A)  an insurance company 
B)  a crown corporation 
C)  a finance company 
D)  a national bank 
A)  an insurance company 
B)  a crown corporation 
C)  a finance company 
D)  a national bank

Question 11

Which of the following statements best describes credit unions?

Accepted Answer

A)  Credit unions are for-profit institutions. 
B)  Credit unions are not subject to provincial regulations. 
C)  Credit unions are usually small and locally owned. 
D)  Credit union members typically have nothing in common with each other. 
A)  Credit unions are for-profit institutions. 
B)  Credit unions are not subject to provincial regulations. 
C)  Credit unions are usually small and locally owned. 
D)  Credit union members typically have nothing in common with each other.

Question 12

ATMs let customers of banks make deposits and withdrawals while in a shopping centre or supermarket 24 hours a day.What do the letters ATM stand for?

Accepted Answer

A)  accounting transfer machine 
B)  accounting transfer management 
C)  automatic transfer machine 
D)  automated teller machine 
A)  accounting transfer machine 
B)  accounting transfer management 
C)  automatic transfer machine 
D)  automated teller machine

Question 13

Which of the following would be described as anything that is acceptable as payment for goods and services?

Accepted Answer

A)  shareholders' equity 
B)  a fixed asset 
C)  money 
D)  capital 
A)  shareholders' equity 
B)  a fixed asset 
C)  money 
D)  capital

Question 14

What is cash held in the form of coins and paper money?

Accepted Answer

A)  revenue 
B)  treasury funds 
C)  currency 
D)  time deposits 
A)  revenue 
B)  treasury funds 
C)  currency 
D)  time deposits

Question 15

Which of the following are profit-oriented depository financial institutions that accept deposits,make business and consumer loans,invest in government and corporate securities,and provide other financial services?

Accepted Answer

A)  credit unions 
B)  thrift institutions 
C)  chartered banks 
D)  finance companies 
A)  credit unions 
B)  thrift institutions 
C)  chartered banks 
D)  finance companies

Question 16

List the four key characteristics of money if it is to be a suitable means of exchange.

Accepted Answer

scarcity,d

Question 17

The issuance of bonds is a type of debt financing.

Accepted Answer

A) True 
 B)False

Question 18

Any object or objects that a group of people use to buy and sell goods and services are known as which of the following?

Accepted Answer

A)  capital 
B)  money 
C)  countertrades 
D)  revenue 
A)  capital 
B)  money 
C)  countertrades 
D)  revenue

Question 19

Which of the following is a nonprofit,member-owned financial cooperative?

Accepted Answer

A)  a savings and loan association 
B)  a credit union 
C)  a commercial bank 
D)  a savings bank 
A)  a savings and loan association 
B)  a credit union 
C)  a commercial bank 
D)  a savings bank

Question 20

A secured bond is the type of bond issued by a financially secure corporation.

Accepted Answer

A) True 
 B)False

Preferred shareholders have the voting rights in a corporation.

According to your text,which type of bonds was issued by FedEx?

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase.Textron must pay back the $1,000 on August 1,2015.The $1,000 is known as which of the following?

If you are optimistic about the outlook for the stock market and the near-term economy,you have a bullish outlook.

Which system is the first electronic-based stock market and the largest over-the-counter market?

How do investors use bond ratings?

Which of the following is a class of ownership interest that receives dividends first but does not have the right to vote?

Which of the following financial institutions is a not-for-profit institution?

Megan Voorhees recently inherited $200,000.She has invested the inherited money in real estate and government securities.Voorhees is using her money for which of the following purposes?

The Canadian Deposit Insurance Corporation insures deposits in commercial banks.The CDIC was created as one of which of the following institutions?

Which of the following statements best describes credit unions?

ATMs let customers of banks make deposits and withdrawals while in a shopping centre or supermarket 24 hours a day.What do the letters ATM stand for?

Which of the following would be described as anything that is acceptable as payment for goods and services?

What is cash held in the form of coins and paper money?

Which of the following are profit-oriented depository financial institutions that accept deposits,make business and consumer loans,invest in government and corporate securities,and provide other financial services?

List the four key characteristics of money if it is to be a suitable means of exchange.

The issuance of bonds is a type of debt financing.

Any object or objects that a group of people use to buy and sell goods and services are known as which of the following?

Which of the following is a nonprofit,member-owned financial cooperative?

A secured bond is the type of bond issued by a financially secure corporation.

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Finance Maximizing the Value

Filters

Exam 17: Understanding Money and the Canadian Financial System

Preferred shareholders have the voting rights in a corporation.

According to your text,which type of bonds was issued by FedEx?

Alli Kamal loaned Textron Corporation $1,000 in the form of a bond purchase.Textron must pay back the $1,000 on August 1,2015.The $1,000 is known as which of the following?

If you are optimistic about the outlook for the stock market and the near-term economy,you have a bullish outlook.

Which system is the first electronic-based stock market and the largest over-the-counter market?

How do investors use bond ratings?

Which of the following is a class of ownership interest that receives dividends first but does not have the right to vote?

Which of the following financial institutions is a not-for-profit institution?

Megan Voorhees recently inherited $200,000.She has invested the inherited money in real estate and government securities.Voorhees is using her money for which of the following purposes?

The Canadian Deposit Insurance Corporation insures deposits in commercial banks.The CDIC was created as one of which of the following institutions?

Which of the following statements best describes credit unions?

ATMs let customers of banks make deposits and withdrawals while in a shopping centre or supermarket 24 hours a day.What do the letters ATM stand for?

Which of the following would be described as anything that is acceptable as payment for goods and services?

What is cash held in the form of coins and paper money?

Which of the following are profit-oriented depository financial institutions that accept deposits,make business and consumer loans,invest in government and corporate securities,and provide other financial services?

List the four key characteristics of money if it is to be a suitable means of exchange.

The issuance of bonds is a type of debt financing.

Any object or objects that a group of people use to buy and sell goods and services are known as which of the following?

Which of the following is a nonprofit,member-owned financial cooperative?

A secured bond is the type of bond issued by a financially secure corporation.

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Analyzing the Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Finance Maximizing the Value

Filters