PRINCIPLES OF FINANCE NAF FINAL |
COMPLETE STUDY GUIDE & PRACTICE
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,account summary The section of a bank statement that provides a quick overview of account
activity.
acquistition The act of one corporation acquiring another by purchasing its shares or by
purchasing its assets.
securities Financial instruments such as stocks, bonds, and mutual funds that are traded
on a stock exchange.
Securities Act of 1933 The first major law regarding the sale of securities. It required that companies
register their securities sold to the public with the SEC and that investment
bankers must provide full and accurate information related to new securities
issues to potential investors.
Securities and Exchange Commission (SEC) A federal agency that is responsible for regulating the securities industry and
enforcing federal securities laws.
securities broker A person who buys and sells securities on behalf of others. A securities broker
generates his or her own clientele, usually by cold calling and networking.
simple interest The amount of interest based on a principal amount and not on earned interest.
, SMART goal Goals that are specific, measurable, attainable, realistic, and time-bound.
SMART strategy A method used by individuals and even companies to help provide a framework
for how a goal should be created.
soft skills Knowledge and abilities that are not specifically job-related but aid in the ability to
perform the job well; these include politeness, professionalism, ability to
communicate, and writing ability.
finance The science of the management of money and other assets; the management of
money, banking, investments, and credit
sole proprietorship Business owned by a single person.
FICO (Fair Isaac Corporation) Company founded in 1956 by Bill Fair and Earl Isaac. It created the FICO score,
the most common credit-scoring model used by lenders. A FICO score can range
from 200-900
Federal Reserve Act A law passed by Congress in 1913, which created the central banking system of
the United States
COMPLETE STUDY GUIDE & PRACTICE
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,account summary The section of a bank statement that provides a quick overview of account
activity.
acquistition The act of one corporation acquiring another by purchasing its shares or by
purchasing its assets.
securities Financial instruments such as stocks, bonds, and mutual funds that are traded
on a stock exchange.
Securities Act of 1933 The first major law regarding the sale of securities. It required that companies
register their securities sold to the public with the SEC and that investment
bankers must provide full and accurate information related to new securities
issues to potential investors.
Securities and Exchange Commission (SEC) A federal agency that is responsible for regulating the securities industry and
enforcing federal securities laws.
securities broker A person who buys and sells securities on behalf of others. A securities broker
generates his or her own clientele, usually by cold calling and networking.
simple interest The amount of interest based on a principal amount and not on earned interest.
, SMART goal Goals that are specific, measurable, attainable, realistic, and time-bound.
SMART strategy A method used by individuals and even companies to help provide a framework
for how a goal should be created.
soft skills Knowledge and abilities that are not specifically job-related but aid in the ability to
perform the job well; these include politeness, professionalism, ability to
communicate, and writing ability.
finance The science of the management of money and other assets; the management of
money, banking, investments, and credit
sole proprietorship Business owned by a single person.
FICO (Fair Isaac Corporation) Company founded in 1956 by Bill Fair and Earl Isaac. It created the FICO score,
the most common credit-scoring model used by lenders. A FICO score can range
from 200-900
Federal Reserve Act A law passed by Congress in 1913, which created the central banking system of
the United States
