BUSINESS FINANCE_QUIZ 1

It refers to gold and silver that is officially recognized as being at least 99.5​% pure and is in the form of bars or ingots rather than coins. It is a precious commodity which carries a high market value most especially when the market is volatile.

• insurance fund

• gold bullion

• real properties

• trade accounts

It is a contract that provides financial assets to one party and, at the same time, entails financial liability or equity to another.

• inventories

• stock or equity

• financial instrument

• non-financial instrument

It includes bills, coins, and money deposited in the bank.

It is an intangible non-financial instruments granted by the government.

• debt instruments

• trade accounts

• inventories

• patents

It refers to the money collected and pooled by insurance companies from the premiums paid by the insured or policyholders and used as protection or hedge against uncertain risks.

It refers to assets held by the business for the accretion of wealth through distribution.

It Includes short-term and highly liquid investments that are readily convertible in cash.

• cash equivalents

• mutual funds

• cash

• trade funds

It includes accounts receivable and notes receivable arising from sales of goods or services.

• cash equivalents

• mutual funds

• real properties

• trade accounts

It represents hard or fixed assets usually attached to the soil.

• real properties

• patents

• stocks

• inventories

These are products that are intended for sale but remain unsold at the end of the period.

• real properties

• mutual funds

• stocks

• inventories