8 In the corporate leadership structure, this group is elected by the firm's stockholders a. executive management b. creditors c. managers and directors d board of directors e internal auditors 9 With this type of accounting and financial reporting system, revenues are recorded when earned realized, and expenses are matched to those revenues a. the American basis b. the international basis c. cash basis d accrual basis e bond holder basis 10 The Chairperson of the Federal Reserve Bank who served before Jerome Powell is a. Jerome Powell b. Hank Paulson c. Jack Lew d Steve Mnuchin e Janet Yellen 11 Financial instiutions that assist companies in raising capital or with mergers and acquisitions. a. investment banks b. commercial banks c. stock markets d insurance companies the Federal Reserve Bank e 12 The New York Stock Exchange Euronext might best be described as a. a primary market b. a secondary market C. a commercial bank d an investment company e an investment bank 13 When stock prices are believed to be mostly correct or accurate, we are describing a. an efficient market b. a broker market C. a foreign market d a derivatives market e a super market 14 Based on the latest Consumer Price Index (CPI), inflation in the US appears to be running at about a. 6.25% and highest since 2010 b. 8.4% and highest in history c. 8.4% and the highest since the 1980s d 10.35% and highest in history, and the world at this moment 15 Inflation and interest rates have little effect on asset prices (stocks, bonds and real estate are assets) TRUE FALSE 16 $3,250 deposited in an account that earns 3% for six years, compounded annually a. 3,976.22 b. 3,880.67 This question is from Chapter 5 - TVM Future Value C. 4,106.32 d 4,367.73 e 4,584.45 17 This institution oversees commercial bank activity and provides depositors insurance a. the National Association of Security Dealers Automated Quotation System (NASDAQ) b. the Securities and Exchange Commission (SEC) c. the Federal Reserve Bank d the Federal Open Market Committee (FOMC) the Federal Deposit Insurance Corporation (FDIC) 18 Income earned by selling goods and services is/are a. fixed assets. b. current assets c. dividends d capital gains e ordinary income 19 Based in the last week of tracking financial market benchmarks, all of the following are true except the stock market, based on the Dow Jones Industrial Average (DJIA) fell over 1,000 points yiled on the 10 Year Treasury Note rose and remained above 3% a. b. C. crude oil prices fell below $100 at one point during the previous week d gold prices rose sharply after the CPI announcment on Friday e Circle here if all of the above are true statements 20 Financial institutions such as commercial banks provide services called (best answer) a. bankruptcy b. financial planning c. insurance sales. d financial intermediation e agency