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NAF FINAL EXAM QUESTIONS AND
CORRECT ANSWERS | GRADED A+ | NEW
finance manager - Correct Answer-An individual who
manages money and assets, either for an individual or for an
organization. A finance manager is responsible for budgeting,
forecasting, pricing analysis, product-line analysis, and
decision support for the organization.
financial advisor - Correct Answer-A professional who
provides financial planning and advice on financial matters.
financial analyst - Correct Answer-An employee of a bank, a
brokerage, a financial advisor, or a mutual fund company who
studies companies and makes buy and sell recommendations;
the analyst often specializes in a single sector or industry.
financial health - Correct Answer-A description of a person's
or an organization's finances.
financial holding company - Correct Answer-A financial
institution that may offer a broad range of banking-related
services. The Federal Reserve Board regulates financial
holding companies.
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financial intermediary - Correct Answer-An institution that
provides as a service for those who have extra money to save
or lend and channels it to those who wish to invest or borrow.
financial literacy - Correct Answer-The ability of individuals
to make appropriate decisions in managing their personal
finances.
maturity date - Correct Answer-The date when a bond's
principal is repaid to the investor.
mergers - Correct Answer-The combining of two or more
companies into one larger company.
soft skills - Correct Answer-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.
minimum payment - Correct Answer-The smallest amount a
borrower can pay in a billing cycle to keep the account in
good standing.
mobile banking - Correct Answer-A type of banking whereby
transactions are made via a smartphone or tablet app. The
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account holder can transfer money between accounts, pay
bills, deposit checks, and monitor account activity.
mobile payment - Correct Answer-A type of smartphone app
that lets an account holder pay people and businesses using a
cell phone. Also referred to as "mobile money" and "mobile
wallet."
money - Correct Answer-A current medium of exchange in the
form of coins and banknotes.
money market - Correct Answer-The financial market for
short-term borrowing and lending.
NASDAQ (National Association of Securities Dealers
Automated Quotations) - Correct Answer-The largest
electronic stock exchange in the United States, founded in
1971. Unlike the NYSE, it has no physical location and exists
entirely in cyberspace.
National Credit Union Administration (NCUA) - Correct
Answer-An independent federal agency that serves to
supervise and regulate federal credit unions. It also provides
account insurance for many state-chartered credit unions
through the National Credit Union Share Insurance Fund.
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NAF FINAL EXAM QUESTIONS AND
CORRECT ANSWERS | GRADED A+ | NEW
finance manager - Correct Answer-An individual who
manages money and assets, either for an individual or for an
organization. A finance manager is responsible for budgeting,
forecasting, pricing analysis, product-line analysis, and
decision support for the organization.
financial advisor - Correct Answer-A professional who
provides financial planning and advice on financial matters.
financial analyst - Correct Answer-An employee of a bank, a
brokerage, a financial advisor, or a mutual fund company who
studies companies and makes buy and sell recommendations;
the analyst often specializes in a single sector or industry.
financial health - Correct Answer-A description of a person's
or an organization's finances.
financial holding company - Correct Answer-A financial
institution that may offer a broad range of banking-related
services. The Federal Reserve Board regulates financial
holding companies.
1
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financial intermediary - Correct Answer-An institution that
provides as a service for those who have extra money to save
or lend and channels it to those who wish to invest or borrow.
financial literacy - Correct Answer-The ability of individuals
to make appropriate decisions in managing their personal
finances.
maturity date - Correct Answer-The date when a bond's
principal is repaid to the investor.
mergers - Correct Answer-The combining of two or more
companies into one larger company.
soft skills - Correct Answer-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.
minimum payment - Correct Answer-The smallest amount a
borrower can pay in a billing cycle to keep the account in
good standing.
mobile banking - Correct Answer-A type of banking whereby
transactions are made via a smartphone or tablet app. The
2
, 3
account holder can transfer money between accounts, pay
bills, deposit checks, and monitor account activity.
mobile payment - Correct Answer-A type of smartphone app
that lets an account holder pay people and businesses using a
cell phone. Also referred to as "mobile money" and "mobile
wallet."
money - Correct Answer-A current medium of exchange in the
form of coins and banknotes.
money market - Correct Answer-The financial market for
short-term borrowing and lending.
NASDAQ (National Association of Securities Dealers
Automated Quotations) - Correct Answer-The largest
electronic stock exchange in the United States, founded in
1971. Unlike the NYSE, it has no physical location and exists
entirely in cyberspace.
National Credit Union Administration (NCUA) - Correct
Answer-An independent federal agency that serves to
supervise and regulate federal credit unions. It also provides
account insurance for many state-chartered credit unions
through the National Credit Union Share Insurance Fund.
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