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) __________, 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) _________.

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) _________ 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