AB: Saving, Investing & Financing

In which year was Farm Credit System established

• 1908

• 1914

• 1916

• 1928

Which of the following is NOT a true statement?

• Farm Credit Systems Institutions serve all 50 states

• Farm Credit System provides loans to aquatic producers

• Federal Land Bank Association is an institution under the Farm Credit System

• FCB stands for Farming Credentials Bank

Which of the following appoints the board members for the Farm Credit Administration

• Secretary of state

• The president

• Chairman of the board

• Local farmers

Which of the following finances US agricultural exports

• Agriculture Credit Banks

• Federal Land Credit Associations

• Farm Credit Banks

• Agricultural Credit Associations

Which of the following is the acronym for a network of borrower-owned lending institutions?

• FCS

• ACA

• FCB

• FFA

Which of the following are used for operating expenses?

• Short term loans

• Intermediate -term loans

• Long-term loans

• Operating- term loans

Which of the following includes collateral?

• An unsecured loan

• A provision loan

• A reorganization loan

• A secured loan

Which of the followings is recommended to raise financing for a specific activity

• Equity

• Debt

• Loans

• Bonds

Which of the following describes lease

• Sale of stock by a private company

• Friend of relative receives an ownership interest in the business

• Method of gaining the use of assets for the business

• Business selling stocks directly to the public

Which of the following describes equity financing

• Borrowing funds from a creditor with the condition of repaying the borrowed funds plus interest

• Trading a portion of the ownership of the business for a financial investment in the business

• Acquiring large, more expensive loans which do not pay interest

• Specifying the amount and time of the disbursements and payment of the loan