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Finance Test

Professional Development, Other

6th Grade - University

Used 66+ times

Finance Test
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is finance? 

the study of how money is managed. 
the movement of cash and bank balances over a period. 
the amount of money available to be borrowed by a person

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is credit? 

the amount of money available to be borrowed by an individual or a company but must be paid back. 
the study of how money is managed
garenteeing money back 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An income statement is also know as the profit and loss statement. 

false 
true 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash flow statement presents the ___________ in cash and bank over a period of time. 

money 
movement 
expansion 

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With short term finance, everything should be paid back within 

2 years 
10 years 
1 year 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

what are one of the three goals or benefits of all finance solutions 

gain assets 
achieve low cost  
expand your business 

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You must pay a minimum amount in this type of credit. Ex: credit card

revolving
secured
installment
unsecured

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