D076- ALL UNIT TESTS 201 QUESTIONS AND ANSWERS

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 Which type of economic indicator is the consumer price index? - ️️Lagging indicator What does the term ethical refer to? - ️️The accepted standards of conduct that guide a person's behavior