Business & Banking Concepts - Theme 4 Exam

Which of the following is NOT a factor that affects how money grows?

• Amount of money left on deposit

• Interest rate

• Length of time money is left on deposit

• The name of the financial institution where the money is left on deposit

An interest bearing account that can be opened with a small amount of money:

• Savings account

• Money Market Deposit Account

• Certificate of deposit

• US Savings Bond

Which of the following is a financial intermediary?

• Sole proprietorship

• Credit Union

• Corporation

• Partnership

Which of the following is expressed as a percentage?

• Interest

• Interest Rate

Which of the following is the equation to calculate interest?

• I=P*R

• I=P/R

• I=P/R/T

• I=P*R*T

What is the equation relating profit, expenses, and revenue?

• A=P(1+RxT)

• P - E = R

• R - E = P

• P + E = R

If supply is high, demand is:

• High

• Low

If your business is not doing well, your stock price will typically:

• Increase

• Decrease

Circle which type of interest rate each account has: (a)   : (b)   a. Variable b. Fixed

• Variable

• Fixed

Stocks can be sold online, but not in a physical space:

• True

• False