QCHAPTER 1 TRUE OR FALSE
QUESTIONS WITH VERIFIED ANSWERS
BY EXPERTS
True - Every person is involved in finance
False - The most common type of debt security is stock
True - As more people desire an investment, it's value will likely increase
True - You should review your personal financial plan once a year or more base on your personal
situation
False - A savings and loan association is user owned, not profit, cooperative financial institution
False - Only deposit institutions make loans to consumers for mortgages
True - The government plays a significant role in every economic system
False - Corporate income tax is the largest source of income for the federal government
True - Diversification refers to owning a variety of investments
True - A trade deficit can hurt a country's economy
False - The main source of funds for a business are revenue, investing, and lending
True - People ten to invest to generate current income and for long term growth
True - Money includes coins, paper currency, debit cards and checking accounts
Money - Any item that serves as a method of paymentTrue - Every person is involved in finance
False - The most common type of debt security is stock
True - As more people desire an investment, it's value will likely increase
True - You should review your personal financial plan once a year or more base on your personal
situation
False - A savings and loan association is user owned, not profit, cooperative financial institution
False - Only deposit institutions make loans to consumers for mortgages
True - The government plays a significant role in every economic system
QUESTIONS WITH VERIFIED ANSWERS
BY EXPERTS
True - Every person is involved in finance
False - The most common type of debt security is stock
True - As more people desire an investment, it's value will likely increase
True - You should review your personal financial plan once a year or more base on your personal
situation
False - A savings and loan association is user owned, not profit, cooperative financial institution
False - Only deposit institutions make loans to consumers for mortgages
True - The government plays a significant role in every economic system
False - Corporate income tax is the largest source of income for the federal government
True - Diversification refers to owning a variety of investments
True - A trade deficit can hurt a country's economy
False - The main source of funds for a business are revenue, investing, and lending
True - People ten to invest to generate current income and for long term growth
True - Money includes coins, paper currency, debit cards and checking accounts
Money - Any item that serves as a method of paymentTrue - Every person is involved in finance
False - The most common type of debt security is stock
True - As more people desire an investment, it's value will likely increase
True - You should review your personal financial plan once a year or more base on your personal
situation
False - A savings and loan association is user owned, not profit, cooperative financial institution
False - Only deposit institutions make loans to consumers for mortgages
True - The government plays a significant role in every economic system
