MID-TERM TEST 1 (FINANCE AND BANKING)

Complete the following sentences with the correct form of the words in parentheses:

Financial Management is a vital activity in any organization. It is the process of (PLAN) (a)   , organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

Complete the following sentences with the correct form of the words in parentheses:

For teens, savings accounts can be especially important once they begin to earn money on their own. Those savings accounts might represent savings for a first car or for a college (EDUCATE) (a)   .

Complete the following sentences with the correct form of the words in parentheses:

Wealth creation is one of the main objectives of financial management. You can take the advice of financial (CONSULT) (a)   for various investment opportunities to create wealth.

The balance sheet is one of the three fundamental financial statements and is key to both financial modeling and _________.

• A. stating

• B. balancing

• C. financing

• D. accounting

An investment with a high risk is usually compensated by way of a high _________.

• A. benefit

• B. interest

• C. yield

• D. bonus

A balance sheet is divided into two sections, with one side representing your business's assets and the other showing its _________ and shareholders equity.

• A. abilities

• B. liabilities

• C. capital

• D. currencies

With deposit account, however, the customer undertakes to leave his money in the bank for a minimum specified period of time. _________ is paid on this money.

• A. Benefit

• B. Interest

• C. Money

• D. Charge

The lower limit on a variable rate loan is known as a ________.

• A. bottom

• B. percent

• C. floor

• D. maturity

Operating business in a country means that your company will have to _________ the various forms of business taxes, following the tax regulations of that country.

• A. catch

• B. meet

• D. deal

• C. bear

Another word for a lender is a/an ________.

• A. creditor

• B. debtor

• C. owner

• D. landlord