test 9/17

Where was the first bank established?

• Europe

• Asia

• China

• Middle East

In what year was the New York Stock Exchange created?

• 1790

• 1791

• 1792

• 1793

Which of the following explains why insurance was created?

• To keep a record of payments and who owns capital

• Provide a means of investing in business

• To help producers sell and trade raw goods

• In order to eliminate or minimize risks associated with business transactions

Which of the following is NOT a pathway in the Finance Career Cluster?

• Accounting

• Insurance

• Banking Services

• Stocks and Bonds Services

Fill in the blanks using the word bank provided. Not all words may be used. Professionals working in the Securities and Investments Pathway work with brokerage _____, investment banks and stock exchanges to support the _____ of funds from _____ to companies and institutions. Securities include many kinds of investments, including _____, bonds and mutual funds. Word bank: investors, firms, flow, stocks

• firms, flow, investors, stocks

• investors, flow, firms, stocks

• stocks, firms, flow, investors

• flow, investors, stocks, firms

Which of the following is NOT a career in the Insurance Pathway?

• Agents

• Traders

• Brokers

• Underwriters

Match the pathway with their correct descriptions.

• Record, summarize and analyze a businesses' financial information for use in management decision-making

• Accounting

• Accept deposits, lend money and extend credit

• Securities & Investments

• Support the flow of funds from investors to companies and institutions

• Business Finance

• Protect individuals and businesses from financial loss

• Insurance

• Manage policy and strategy of an organization’s capital structure, budgeting, acquisition and investment, financial modeling and planning, funding, dividends and taxation

• Banking Services

Which of the following is NOT a possible duty for a professional working in the Insurance pathway?

• Controlling investments

• Expanding customer base

• Explaining policies

• Determining liability

Which pathway includes the following services: cash management, short-term investments, mortgages and other loans, such as credit card and bill payments?

• Insurance

• Business Finance

• Accounting

• Banking Services

Digitization is the process of converting information into a digital format and is transforming how businesses are structured, how they operate and how they manage and facilitate performance.

• True

• False