FIN 330 Final Exam

Aug 9th, 2016
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1. At its most basic level, the function of financial intermediaries is to ________. A) track and report interest rates B) move money from lenders to borrowers and back again C) report all financial transactions to the federal government D) effect a transfer of wealth in society 2. Which of the following is NOT an example of a financial transaction? A) Your parents use their credit card to pay this term’s college tuition. B) You use the ATM to withdraw British pounds so you can fly to London. C) Your roommate lends you $20 and you repay it in one week. D) All of the above are financial transactions. 3. The movement of money from lender to borrower and back again is known as ________. A) the circle of life B) corporate finance C) the cycle of money D) money laundering 4. The fundamental starting point of all the accounting statements is the ________. A) accounting identity B) computing identity C) investing identity D) financing identity 5. Which of the statements

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FIN 330 Final Exam1. At its most basic level, the function of financial intermediaries is to ________.A) track and report interest ratesB) move money from lenders to borrowers and back againC) report all financial transactions to the federal governmentD) effect a transfer of wealth in society2. Which of the following is NOT an example of a financial transaction?A) Your parents use their credit card to pay this terms college tuition.B) You use the ATM to withdraw British pounds so you can fly to London.C) Your roommate lends you $20 and you repay it in one week.D) All of the above are financial transactions.3. The movement of money from lender to borrower and back again is known as ________.A) the circle of lifeB) corporate financeC) the cycle of moneyD) money laundering4. The fundamental starting point of all the accounting statements is the ________.A) accounting identityB) computing identityC) investing identityD) financing identity5. Which of the statements below is TRUE?A) Accounting Identity is: Assets Liabilities Owners Equity.B) Accounting Identity is: Assets Liabilities + Owners Equity.C) Accounting Identity is: Assets Owners Equity Liabilities.D) Accounting Identity is: Liabilities Assets + Owners Equity.6. To determine the interest paid each compounding period, we take the advertised annualpercentage rate and simply divide it by the ________ to get the appropriate periodic interest rate.A) number of

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