CMA Exam Review 2024/2025 – Financial Management | 100% Verified & Updated Questions

CMA Exam Review - Financial
Management
Capital =Assets-Liabilities (assets owned in excess of liabilities owed is known as)


Bank - Answer-also known as drawer


Effectiveness - Answer-the ability to meet goals


Dishonored Check - Answer-check that the bank refuses to pay


Signature Card - Answer-must be completed to open a checking account
g g g g g g g g g g




MICR - Answer-special characters that simplify the sorting and routing of financial
g g g g g g g g g g g g




documents


Cashier's Check - Answer-check that the bank prepares and is signed by a bank
g g g g g g g g g g g g g g




official


Certified Check - Answer-check that the bank authenticates and guarantees by
g g g g g g g g g g g




setting aside the funds until it is presented for payment
g g g g g g g g g




Counter Check - Answer-check the bank prepares as a substitute for a regular check
g g g g g g g g g g g g g




g to permit the drawer to withdraw funds
g g g g g g




Limited Check - Answer-check that is restricted by amount and time of negotiability
g g g g g g g g g g g g




Money Order - Answer-check that can be purchased at the post office as well as
g g g g g g g g g g g g g g g




convenience stores g