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Principles of Finance 100 Week 2 Quiz
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Question 1

 

Finance is:

 

 

Question 2

 

The primary goal of the financial manager of a profit-seeking organization is to:

 

 

Question 3

 

_______________ is the study of how individuals prepare for financial emergencies, protect against premature death and the loss of property, and accumulate wealth over time.

 

 

Question 4

 

An effective financial system needs which of the following:

 

 

Question 5

 

In the United States, most money is created by:

 

 

Question 6

 

If the interest rate is greater than 0%, then a dollar today is worth

 

 

Question 7

 

Programs passed by the federal government in response to the financial crisis of 2007-2009 include which of the following:

 

 

Question 8

 

Under the authority of the Federal Reserve Act of 1913

 

 

Question 9

 

The seven-member board of the Federal Reserve that sets monetary policy is called

 

 

Question 10

 

The least used monetary policy instrument used by the Fed is

Selected Answer:    

 

 

Question 11

 

Under the Federal Reserve Act of 1913, the number of Federal Reserve districts established is

 

 

Question 12

 

The capital stock of each Federal Reserve Bank

 

 

Question 13

 

The members of the Fed Board of Governors are

 

 

Question 14

 

Under the authority of the Federal Reserve Act of 1913

 

 

Question 15

 

Assume that a banking system must keep reserves of 20% against deposits. The bank receives a primary deposit of $20,000. What would be the maximum amount of loan that could be made by the system?

 

 

Question 16

 

Debt management of the federal government does not include

 

 

Question 17

 

Assume that a bank receives a primary deposit of $1,000, and the reserve requirement is 15%. Which of the following would reflect the asset side of the balance sheet after a maximum loan amount has just been made?

 

 

Question 18

 

Price inflation

 

Question 19

 

Bank reserves are not affected by

 

 

Question 20

 

The Federal Reserve System cannot directly control

 

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