Introduction to Financial Management

It is the study of how the players in a financial system acquire, spend, manage, and make other sound financial decisions concerning money and other financial resources.

• Finance

• Money

• Instrument

• Business

It is anything generally accepted as a means of paying for goods and services and for paying off debts or liabilities.

• Finance

• Money

• Bills

• Coins

Money is used as a ____________ because it’s the intermediary in the exchange process.

• payment

• store of value

• medium of exchange

• standard of value

It means people can store their wealth in the form of money. Money acts as a _________.

• checks

• medium of exchange

• standard of value

• store of value

It determines the economic worth in the exchange process.

• Money as a standard of value.

• Money as a medium of exchange.

• Money as a store of value.

• Money as a payment.

TVM stands for what?

• Total Valuable of Money

• Time Value of Money

• Total Value of Management

• Time Valuable of Management

A sum of money in the hand has _______ value than the same sum to be paid in the future.

• no

• equal

• greater

• lesser

______________ include banks, insurance companies, and lending institutions, among others.

• Financial management

• Finance

• Finance management

• Financial institutions

It is a financial institution licensed to receive deposits and make loans.

• Bank

• Financial Banking

• Finance

• Financial

It is a kind of bank which provides facilities of more than one type of banking.

• Commercial Bank

• Universal Bank

• Rural Bank

• Thrift Bank