Business 101 Exam Multiple Choice || A+ Guaranteed.
A(n) ____________ market is a period of declining or sluggish stock prices. correct answers
bear market
If you're starting a new business and you borrow money from family members, you should be
sure to ____. correct answers draw a formal loan agreement
_____ serves three basic functions: a medium of exchange, a measure of value, a store of value.
correct answers money
The Federal Reserve System is popularly known as the ____. correct answers the Fed
You're the president of a savings bank that just took in a deposit of $100. Your bank's reserve
requirement is 10 percent. Using the concept of the money multiplier, the deposit will generate
how much in loans? correct answers
To bank at a(n) ___________, you must be linked to a particular group. correct answers credit
union
The rate of interest that the Fed charges member banks is called the ____. correct answers
federal funds rate
IRA is an acronym for ______________. correct answers individual retirement account
During its start-up period, a business needs a lot of ______________. correct answers
The process of raising capital though the sale of a company's stock is called __________
financing. correct answers equity
___________ are willing to invest in start-up ventures that they believe will succeed. correct
answers
A finance student who's completed undergraduate studies usually furthers his or her education by
pursuing a(n) ____. correct answers MBA with finance track
____________ are the most common financial institutions in the United States. correct answers
commercial banks
______ were originally set up to encourage personal savings and provide mortgages to local
home buyers. correct answers savings banks
The ______________ rate is the interest rate paid by a Federal Reserve member bank when it
borrows from another member bank to meet its reserve requirements. correct answers discount
rate
A(n) ____________ market is a period of declining or sluggish stock prices. correct answers
bear market
If you're starting a new business and you borrow money from family members, you should be
sure to ____. correct answers draw a formal loan agreement
_____ serves three basic functions: a medium of exchange, a measure of value, a store of value.
correct answers money
The Federal Reserve System is popularly known as the ____. correct answers the Fed
You're the president of a savings bank that just took in a deposit of $100. Your bank's reserve
requirement is 10 percent. Using the concept of the money multiplier, the deposit will generate
how much in loans? correct answers
To bank at a(n) ___________, you must be linked to a particular group. correct answers credit
union
The rate of interest that the Fed charges member banks is called the ____. correct answers
federal funds rate
IRA is an acronym for ______________. correct answers individual retirement account
During its start-up period, a business needs a lot of ______________. correct answers
The process of raising capital though the sale of a company's stock is called __________
financing. correct answers equity
___________ are willing to invest in start-up ventures that they believe will succeed. correct
answers
A finance student who's completed undergraduate studies usually furthers his or her education by
pursuing a(n) ____. correct answers MBA with finance track
____________ are the most common financial institutions in the United States. correct answers
commercial banks
______ were originally set up to encourage personal savings and provide mortgages to local
home buyers. correct answers savings banks
The ______________ rate is the interest rate paid by a Federal Reserve member bank when it
borrows from another member bank to meet its reserve requirements. correct answers discount
rate
