D076- ALL UNIT TESTS Questions and Answers 100% Pass

What are the main services offered by financial institutions? - Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions What is the main objective of personal financial goals? - To maximize individual utility Which task does the financial manager of a firm perform that involves the issuance of new stocks and bonds? - Making financing decisions Why is understanding the definition of finance important in managing personal finances? - It helps individuals compare the costs and benefits of an action to determine whether to take that action. In which type of market would a company issue bonds or stocks for the first time? - Primary market Which type of financial institution is a mutual fund? - Investment institution Which financial institution specializes in managing and administering retirement funds? - Pension funds