REVISION FOR MIDTERM TEST

What is considered income?

• Money received from employment, investments, or other sources

• Total expenses incurred in a month

• Borrowed money

• The amount spent on groceries

What is the term for income received after taxes and deductions?

• Gross income

• Disposable income

• Net income

• Total revenue

What is a wage?

• A fixed amount paid annually

• Payment based on the number of hours worked

• A form of loan

• A percentage of savings

What is the main purpose of issuing government bonds?

• To invest in the stock market

• To raise money

• To pay off existing debts

• To regulate the economy

What are British government bonds called?

• Treasury bills

• Corporate bonds

• Gilt-edged stock

• Zero-coupon bonds

Which financial statement summarizes a company s revenues and expenses?

• Balance sheet

• Income statement

• Statement of changes in equity

• Cash flow statement

Which type of financing involves selling shares of a company?

• Debt financing

• Equity financing

• Venture capital

• Crowdfunding

What is the term for assets that can be converted into cash within one year?

• Fixed assets

• Intangible assets

• Current assets

• Non-current assets

What is venture capital primarily used for?

• Funding large corporations

• Investing in startups and early-stage businesses

• Providing government loans

• Offering stock market investment advice

What is a capital gain?

• The profit made from selling a stock at a higher price than it was bought

• The dividend received from owning a stock

• The interest earned on a stock

• The tax paid on stock dividends