Exam 13: Managing Financial Resources

When a family member loans money to start up a business, he or she should not insult the borrower by drawing up a formal loan agreement.

A(n) _____ market is a period of large stock-price increases.

Stockholders' equity is also called owner's equity.

A finance professional holds the position of _____.

The government tracks the money supply by calculating _____, which includes the most liquid forms of money.

The first step in becoming a publicly-traded corporation is to introduce an initial public offering (IPO).

In the process of becoming a publicly-traded corporation, a company needs the help of a commercial bank.

All of the following are depository institutions _____.

What is a budget and how is it used by the owner of a new business?

The _____ is by far the most widely reported market index.

Community First offers demand deposits.

Because it's a growing trend in the U.S., it's entirely possible that Sherry's bank will merge with a larger bank.

A(n) _____ market is a period of declining or sluggish stock prices.

For money to be useful, it must posses all of the following properties _____.

If your bank does not ask you to put up collateral, you're getting a(n)_____.

Large companies need finance professionals to do all of the following _____.

Individual retirement accounts (IRAs) can accumulate money that's tax free until the investor retires.

One of the actions that can be taken by the Fed is to raise or lower the inflation rate.

_____ stock gives its owner the option of exchanging it for common stock.

In the investment industry, finance professionals can be stockbrokers.