FUW Training Quiz #1
Quiz
•
Financial Education
•
Professional Development
•
Practice Problem
•
Easy
Jonathan Balbuena
Used 7+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Revenue-Based Financing (RBF)?
A loan based on a fixed interest rate
A financial arrangement based on current and future revenue streams
A grant provided by the government
A credit line extended by a bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is faster but more expensive than ACH transactions?
Bank transfer
Check deposit
Wire transaction
Credit card payment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does NSF stand for?
No Sales Fund
New Sales Fund
Non-Sufficient Funds
Non-Standard Financing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does stacking refer to in the context of funding?
Repaying multiple loans simultaneously
Receiving funds from multiple companies at once
Consolidating debts into one payment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which document is required for granting permission to make payments from a merchant’s account?
ACH Authorization Form
IRS EIN letter
Articles of Incorporation
Credit Report
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which system is the main work tool for McKenzie Capital specialists that contains all information for each merchant?
Apex
Data Merch
Salesforce
SBFA
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A/an ________ is a government office responsible for overseeing business registrations within a state.
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