QUESTION 6 1 points Save Answer Scenario-Based Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She's worked hard at her job, knows her bank's financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. Because it's a growing trend in the U.S., it's entirely possible that Sherry's bank will merge with a larger bank. True False QUESTION 7 1 points Save Answer _stock, which pays a fixed annual dividend. Successful investor Warren Buffet owns some__ discounted cumulative preferred preferred common QUESTION 8 1 points Save Answer Scenario-Based Sherry LeBlanc has been a teller at Community First Bank for two years and anticipates a promotion to main teller within the next few months. She's worked hard at her job, knows her bank's financial products well, and interacts with customers effectively. Community First Bank has been in business for 38 years, provides traditional banking services, and enjoys a good reputation in the local area. Because it's a nondepository institution, Community First Bank will probably never offer trust services. True False QUESTION 9 1 points Save Answer Which of the following is an approach used by the Fed to lessen the likelihood of inflation? O Lower the reserve requirement for banks so they can loan out more money Raise the discount rate charged to banks that borrow funds from the Fed. Buy bonds on the open market to increase the amount of money banks have to lend. Lower the federal funds rate charged to banks who want to borrow from other banks. QUESTION 10 1 points Save Answer Scenario-Based You and a friend want to open new pet-grooming and pet-services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. The most important estimate in your financial plan will be your_ O sales forecast first-year budget cash flow projection breakeven point