1.___ represent a commitment of organizational funds of at least one year. Multiple Choice Current assets Fixed assets Temporary investments Inventory Accounts receivable

2. Malorie is a thirty-year-old woman who works as a registered nurse. She wants to open an individual retirement account (IRA) to provide for her personal retirement needs. Which of the following is something she should consider when deciding between a traditional IRA versus a Roth IRA? Multiple Choice If she doesn't make enough money, she cannot fund a Roth IRA. In a Roth IRA, no tax is paid on the distribution withdrawn at retirement. Traditional IRAs can be invested in more diverse financial assets than Roth IRAs. Investors can contribute more to Roth IRAs than traditional IRAs. Roth IRAs give individuals more freedom to choose their investments than traditional IRAs

. 3. When Samantha's grandfather died, he left her $25,000. Since she doesn't plan to spend the money anytime soon, she decided to open an account that will guarantee her a fixed interest rate of 5% for five years. With this type of account, if she withdraws funds before the 5 years pass, she will have to pay a substantial penalty. What type of account did Samantha open? a Negotiable Order of Withdrawal account a checking account a money market account a demand deposit account a certificate of deposit

4.Elliott owns and operates a small farm that produces vegetables and fruits. His friend Marcus owns and operates a butcher shop that sells various kinds of meat. Elliott often gives Marcus vegetables and fruits in exchange for meat, and vice versa. This scenario best describes Multiple Choice using fiat money. using "IOUs." purchasing. operating actions. bartering.

5. All of the following are major responsibilities of the Federal Reserve Board EXCEPT Multiple Choice controlling the supply of money. providing short-term loans to businesses. regulating banks and other financial institutions. managing regional and national checking account procedures. supervising the federal deposit insurance programs of banks belonging to the Federal Reserve System. 6. As a medium of exchange, money Multiple Choice makes it harder to trade. creates a complicated service structure. reduces the need for bartering. is indivisible. can easily be counterfeited.

7. Factors such as a bond's face value, maturity date, and interest rate are specified in the Multiple Choice indenture. interest prospectus. equity contract. commercial paper. lockbox portfolio.

8. When Farrell's Appliances struggles financially, Farrell decides to sell his accounts receivable to a financial company, known as a factor, which pays him $60,000 for receivables with a total face value of $100,000. Which of the following best describes how the financial company can make a profit off these accounts receivable? Multiple Choice The factor only profits if it can secure more sales from these customers. The factor only profits if the customers don't know that a factor has bought their receivables. The factor profits if it can produce the same products the company did at a lower cost. The factor profits if it can collect more than it paid for the accounts. The factor profits only if new accounts receivable are acquired

. 9. Carl is a dealer who trades small stocks and illiquid bank stocks using his computer. He trades with other dealers all over the country without having to go to a physical location. Which type of market does this scenario best describe? Multiple Choice stock markets primary markets over-the-counter markets foreign-exchange markets futures markets