Final Exam -- Sanders Spring 2024

Name

Evaluate responses using AI:

OFF

The quantity of a good or service that consumers are willing to buy at a given price.

• Supply
• Capital
• Demand
• Income

The quantity of a good or service a producer is willing to produce at different prices.

• Services
• Supply
• Demand
• Income

Compares the cash balance to its bank statement.

• Bank Balance Report
• Payroll Register
• Bank Statement
• Bank Reconciliation Statement

The act of leaving one's job and ceasing to work.

• Savings
• Income
• Retirement
• Interest

Advance a sum of money to the borrower. In return, the borrower agrees to a particular set of terms, including any finance charges, interest, repayment date, and other conditions.

• Interest
• Loans
• Credit
• Capital

Are known as lenders, persons, businesses, and service providers.

• Investors
• Debtors
• Loans
• Creditors

Ability to purchase goods and services; acquire (something) by paying for it; buy.

• Investing
• Insurance
• Planning
• Purchasing

An organization or business that provides types of financial services to customers and deals with various monetary transactions that include cash deposits, loans, raising capital, and exchanging securities.

• Financial Institution
• Savings Account
• Loan
• Interest

Is money's potential to grow in value over time. The relationship between time, money, a rate of return, and earnings growth.

• Loans
• Investing
• TimeValue of Money
• Income