Qnt 561 Week 3 Quiz

Time Elapsed | 1 hour, 17 minutes out of 2 hours. | Instructions | This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 1. The second 10 questions cover the material in Chapter 2. Be sure you are in the correct Chapter when you take the quiz. | * Question 1
2 out of 2 points | | | An area of finance that refers to the physical locations or electronic forums that facilitate the flow of funds among investors, businesses, and governments is called:Answer | | | | | Selected Answer: | financial markets | Correct Answer: | financial markets | | | | | * Question 2
2 out of 2 points | | | Rational investors would consider an investment in a risky business
venture only if they feel the expected return is high enough to justify theAnswer | | | | | Selected Answer: | greater risk. | Correct Answer: | greater risk. | | | | | * Question 3
0 out of 2 points | | | The issuing of new securities, mortgages, and other claims to wealth takes place in the:Answer | | | | | Selected Answer: | securities market | Correct Answer: | primary market | | | | | * Question 4
2 out of 2 points | | | Finance is:Answer | | | | | Selected Answer: | the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and other financial assets | Correct Answer: | the study of how individuals, institutions, governments, and businesses acquire, spend, and manage money and other financial assets | | | | | * Question 5
2 out of 2 points | | | _______________ is the study of how growth-driven, performance-focused, early-stage (from development through early rapid growth) firms raise financial capital and manage their operations and assets.Answer | | | | | Selected Answer: | Entrepreneurial finance | Correct Answer: | Entrepreneurial finance | | | | | * Question 6
0 out of 2 points | | | The primary securities markets areAnswer | | | | | Selected Answer: | the three most important financial markets in any economy | Correct Answer: | the markets where financial assets such as stocks and bonds are initially issued | | | | | * Question 7
2 out of 2 points | | | The ______________ is a term used to describe the financial system, institutions, markets, businesses, individuals, and global interactions that help the economy operate efficientlyAnswer | | | | | Selected Answer: | financial environment | Correct Answer: | financial environment | | | | | * Question 8
2 out of 2 points | | | Successful businesses typically progress through a series of life-cycle stages—from the idea stage to exiting the business; these five stages include the:Answer | | | | | Selected Answer: | development stage, startup stage, survival stage, rapid growth stage, and maturity stage. | Correct Answer: | development stage, startup stage, survival stage, rapid growth stage, and maturity stage. | | | | | * Question 9
2 out of 2 points | | | ______________ behavior refers to how an individual or organization treats others legally, fairly, and honestly.Answer | | | | | Selected Answer: | Ethical | Correct Answer: | Ethical | | | | | * Question 10
2 out of 2 points | | | The possible conflict between managers and owners is sometimes called theAnswer | | | | | Selected Answer: | principal-agent problem | Correct Answer: | principal-agent problem | | | | | * Question 11
2 out of 2 points | | | A measure of the output of goods and services in an economy is called:Answer | | | | | Selected Answer: | gross domestic product | Correct Answer: | gross domestic product | | | | | * Question 12
2 out of 2 points | | | Which of the following are not depository institutions?Answer | | | | | Selected Answer: | The Federal Reserve | Correct Answer: | The Federal Reserve | | | | | * Question 13
2 out of 2 points | | | The U.S.
bimetallic standard was based on:Answer | | | | | Selected Answer: | silver and gold | Correct Answer: | silver and gold | | | | | * Question 14
2 out of 2 points | | | ____________ accounts are increasingly used to make direct deposits to and payments from checkable deposit accounts.Answer | | | | | Selected Answer: | automatic transfer service (ATS) | Correct Answer: | automatic transfer service (ATS) | | | |
| * Question 15
0 out of 2 points | | | Paper money popularly called greenbacks was issued by the U.S.
government to help finance which of the following wars?Answer | | | | | Selected Answer: | Revolutionary War | Correct Answer: | Civil War | | | | | * Question 16
2 out of 2 points | | | The supply of a currency in international markets depends largely on the:Answer | | | | | Selected Answer: | imports of the issuing country | Correct Answer: | imports of the issuing country | | | | | * Question 17
2 out of 2 points | | | _____________ is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.Answer | | | | | Selected Answer: | A repurchase agreement | Correct Answer: | A repurchase agreement | | | | | * Question 18
2 out of 2 points | | | Money decreed to be “legal tender” for the payment of debts is money backed by:Answer | | | | | Selected Answer: | government creditworthiness | Correct Answer: | government creditworthiness | | | | | * Question 19
2 out of 2 points | | | The three functions of money are:Answer | | |
| | Selected Answer: | medium of exchange, store of value, and standard of value | Correct Answer: | medium of exchange, store of value, and standard of value | | | | | * Question 20
2 out of 2 points | | | Token coins are:Answer | | | | | Selected Answer: | coins containing metal of less value than their stated value | Correct Answer: | coins containing metal of less value than their stated value | | | | |