ADMINISTRATION SECOND PARTIAL TEST

INSTRUCTIONS: Read each statement and question, then choose or complete with the right answer.

1. Recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses.

• Banking

• Accounting

• Financial Statements

• Money Reports

This type of bank focuses on consumers (or general public) as customers. They offer loans and may provide credit cards, and they’re the ones with numerous branch locations in populated areas.

• Commercial Bank

• Private Bank

• Retail Bank

• Mutual Bank

This type of bank manage the monetary system for a government and it’s responsible for supervising banks and setting monetary policy to control inflation, reduce unemployment, and provide for moderate lending rates.

• Private Bank

• Commercial Bank

• Investment Bank

• Central Bank

This type of bank is less prevalent than they used to be, but they are still important. This type of bank helped make homeownership mainstream, using savings deposits from customers to fund home loans

• Credit Unions

• Savings and loans

• Mutual Banks

• Retail banks

What kind of bank is suitable for a group of young people who want to borrow money to buy an existing take-away pizza business?

• Investment banks

• Commercial Banks

• Retail Banks

• Private Banks

COMPLETE THE SENTENCE:

_____________ are part-ownership in a company.

____________ are IOUs (I owe you).

____________ _____ ____________ are financial contracts that obligate the parties to transact an asset at a predetermined future date and price.

___________ ____________ are distinguished mainly by the level of competition that exists between the firms operating in the market.

_________ is often used to describe a slice of ownership of one or more companies.