BF Ch. 1-3 Quiz

The two types of deposit institutions are commercial banks and what?

• pawn shops

• mortgage companies

• investment companies

• credit unions

Which of the following is not part of a source of funds?

• paying business expenses

• investor funds

• borrowing

• revenue

Another term for "Funds" is?

• savings

• money

• inflow

• outflow

The inflow of cash from business operations such as the sale of goods & services is referred to as what?

• borrowing

• investor funds

• deposit

• revenue

This deposit institution is also referred to as "full-service" ...

• credit union

• pawn shop

• commercial bank

• lending company

You have to be a member of this type of deposit institution...

• lending company

• credit union

• investment company

• commercial bank

Sources of Funds are the inflow of cash.

• True

• False

Uses of funds are the inflow of cash.

• True

• False

Capital expenditures involve long-term spending for large purchases.

• True

• False

A current expense would include:

• rent

• utilities

• repairs

• all of these