Question 1 (5 points) ' Saved Question 4 (5 points) v Saved
A business owned by two or more individuals, with some owners having different amounts If $1,000 were invested now for two years, what would the value be if the bank offered a 10% interest rate
of liability in the firm’s debt, is called a: compounded semiannually?
Q S Corporation. () $1,720
|©. Sole proprietorship. (@) $1,216
@ Limited partnership () $1,960
O General partnership () $1,200
Question 2 (5 points) v Saved Question 5 (5 points) v Saved
What is the present value of a $1,500 payment made in nine years when the discount rate is 8 Jill puts $1,000 in a savings passbook that pays 4% compounded quarterly. How
percent? Answer should be in dollars and cents. much will she have in her account after five years?
[ $750.37 Y
Q $1,200.50
Question 3 (5 points) v Saved @ $1,220.20
For positive interest rates, the future value interest factor is Q $1,174.80
() sometimes negative. Question 6 (5 points) v Saved
() always less than 0. If the interest rate is equal to 0%, then a dollar today is worth
@ always greater than 1.0.
Q more than a dollar tomorrow
Q never greater than 25.
@ the same as a dollar tomorrow
O less than a dollar tomorrow
Q there is not sufficient information to tell
, Question 7 (5 points) v Saved Question 10 (5 points) v Saved
Identify the objectives of the national economic policy. The principle of finance that reputation matters implies that for institutions or businesses to be successful,
they must have the trust and confidence of their customers, employees, and owners, as well as the
Paragraph v B J U~ A, = v v B+~ LY
L& ]
community and society within which they operate.
Stabilizing the markets (@) True
() False
Promoting employment
Question 11 (5 points) ' Saved
Economic prosperity
A business owned by two or more individuals, all having equal liability in the firm’s debt, is
called a:
Ensuring business development
General partnership.
Question 8 (5 points) ' Saved
O00®
Corporation.
You need $8,000 four years from now for a down payment on your future house.
Limited partnership.
How much money must you deposit today if your credit union pays 5% interest
compounded annually? Pick the closest answer. Sole proprietorship.
O $6,269.59 Question 12 (5 points) v Saved
(@) $6,578.95 Identify and describe briefly the major components of gross domestic product.
() $6,394.12 Paragraph v B ] Uv A, v v B+ 2
() $6,189.83 Personal Consumption Expenditures (C): The largest component, representing
household spending on goods and services (durable goods, non-durable goods,
Question 9 (5 points) v Saved and services).
Business Investment (I): Spending by businesses on fixed assets (plants,
Identify the four main types of financial markets. machinery), residential construction, and changes in business inventories.
Government Spending (G): Expenditures by all levels of government on goods
Paragraph v~ B J Uv A =v i=Ev 2a + Vv and services, including public worker salaries and infrastructure projects, but
excluding transfer payments like social security.
capital, currency, money, derivatives. Net Exports (X - M): Exports minus imports. It adds the value of goods
produced locally and sold abroad (exports) and subtracts the value of goods
produced abroad and bought locally.
A business owned by two or more individuals, with some owners having different amounts If $1,000 were invested now for two years, what would the value be if the bank offered a 10% interest rate
of liability in the firm’s debt, is called a: compounded semiannually?
Q S Corporation. () $1,720
|©. Sole proprietorship. (@) $1,216
@ Limited partnership () $1,960
O General partnership () $1,200
Question 2 (5 points) v Saved Question 5 (5 points) v Saved
What is the present value of a $1,500 payment made in nine years when the discount rate is 8 Jill puts $1,000 in a savings passbook that pays 4% compounded quarterly. How
percent? Answer should be in dollars and cents. much will she have in her account after five years?
[ $750.37 Y
Q $1,200.50
Question 3 (5 points) v Saved @ $1,220.20
For positive interest rates, the future value interest factor is Q $1,174.80
() sometimes negative. Question 6 (5 points) v Saved
() always less than 0. If the interest rate is equal to 0%, then a dollar today is worth
@ always greater than 1.0.
Q more than a dollar tomorrow
Q never greater than 25.
@ the same as a dollar tomorrow
O less than a dollar tomorrow
Q there is not sufficient information to tell
, Question 7 (5 points) v Saved Question 10 (5 points) v Saved
Identify the objectives of the national economic policy. The principle of finance that reputation matters implies that for institutions or businesses to be successful,
they must have the trust and confidence of their customers, employees, and owners, as well as the
Paragraph v B J U~ A, = v v B+~ LY
L& ]
community and society within which they operate.
Stabilizing the markets (@) True
() False
Promoting employment
Question 11 (5 points) ' Saved
Economic prosperity
A business owned by two or more individuals, all having equal liability in the firm’s debt, is
called a:
Ensuring business development
General partnership.
Question 8 (5 points) ' Saved
O00®
Corporation.
You need $8,000 four years from now for a down payment on your future house.
Limited partnership.
How much money must you deposit today if your credit union pays 5% interest
compounded annually? Pick the closest answer. Sole proprietorship.
O $6,269.59 Question 12 (5 points) v Saved
(@) $6,578.95 Identify and describe briefly the major components of gross domestic product.
() $6,394.12 Paragraph v B ] Uv A, v v B+ 2
() $6,189.83 Personal Consumption Expenditures (C): The largest component, representing
household spending on goods and services (durable goods, non-durable goods,
Question 9 (5 points) v Saved and services).
Business Investment (I): Spending by businesses on fixed assets (plants,
Identify the four main types of financial markets. machinery), residential construction, and changes in business inventories.
Government Spending (G): Expenditures by all levels of government on goods
Paragraph v~ B J Uv A =v i=Ev 2a + Vv and services, including public worker salaries and infrastructure projects, but
excluding transfer payments like social security.
capital, currency, money, derivatives. Net Exports (X - M): Exports minus imports. It adds the value of goods
produced locally and sold abroad (exports) and subtracts the value of goods
produced abroad and bought locally.
