1. Which of the following BEST explains financial management?

• The process of creating a business opportunity

• Process of creating or seizing an idea and pursuing it regardless of the resources currently controlled.

• Deals with decisions to maximize the value of shareholders’ wealth.

• the capacity for innovation, investment and expansion in new market, products and techniques.

The following statements was provided by the bank to depositor, EXCEPT:

• Gives the depositors interest on the money deposited to them.

• Lend money to borrowers for credit

• Investments are pooled and the funds are invested by professional managers for a fee.

• Serve as conduits of investors in buying and selling both government securities and corporate bonds.

Which of the following is the person who has the money and deposits it in a savings account?

• Borrower

• Depositor

• Millionaire

• Banker

Which of the following is a type of security that signifies ownership in a corporation?

• Bond

• Stocks

• Bank

• Non-bank

Which of the following is not a service provided by financial institutions?

• Buying the business of customer

• Investing customers saving in stock and bonds

• Paying savers interest on deposited funds

• Lending money to customers

What is a deficit person?

What is a surplus person?

What is a Financial Institution?

Define Financial Management.

Define Financial Manager.