Time savers - Study guides, Class notes & Summaries

Making the right choices with your money—managing your money—involves knowing how . . . - AnswerEarning, budgeting, saving, spending and giving your money Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal. - Answer-False You should always make sure you have a... - Answer-Budget To gain an understanding of your personal finances, you should know . . . - Answer-Where you are financially, amount of income you have, goals you want to...

Personal Finance, 6e (Madura) Chapter 1 Overview of a Financial Plan 1.1 How You Benefit from Personal Finance 1) Most Americans will never be able to understand and develop a personal financial plan. Answer: FALSE Diff: 1 Question Status: Previous edition 2) The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. Answer: TRUE Diff: 2 Question Status: Previous edition 3) An understanding of personal finan...

Econ 2035 Ch.2 Test Bank Questions with Correct Answers Verified by Expert 2024/2025 Update D Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. A Financial markets have the basic function of A) getting people with funds to lend together with people who want to borrow funds. B) assuring that the swin...

Money & Banking Final from practice test and actual exams A rising stock market index due to higher share prices a. decreases people's wealth, but is unlikely to increase their willingness to spend b. increases people's wealth and as a result may increase their willingness to spend c. decreases the amount of funds that business firms can raise by selling newlyissued stock d. increases people's wealth, but is unlikely to increase their willingness to spend - CORRECT ANSWER b. incre...

What advancement in banking has led to the percentage of people in Kenya with bank accounts to rise from 30% to nearly 100%? correct answers Mobile Money Accounts Which of the following are the two (2) major financial crises that resulted in an unusually high (for the U.S.) unemployment rate and caused the banking system to fail in the United States? correct answers The Great Recession of 2008 and the Great Depression. The banking system we have today is a direct descendent from which of t...

When an individual’s current money income exceeds his current consumption desires, he saves the excess. Rather than keep these savings in his possession, the individual may consider it worthwhile to forego immediate possession of the money for a larger future amount of consumption. This trade-off of present consumption for a higher level of future consumption is the essence of investment. An investment is the current commitment of funds for a period of time in order to derive a fut...

MB Exam 1 Questions & Answers 2024 financial markets improve welfare because: a) they allow funds to move from those without productive investment opportunities to those who have such opportunities b) they enable consumers and businesses to make their purchases at the most productive time by allowing them to borrow the necessary funds c) they allow savers to earn a return on their funds d) all of the above - ANSWER-d) all of the above Which of the following is an example of indirect ...

WPC COMPLETE EXAM WPC COMPLETE EXAM WITH GUARANTEED ACCURATE ANSWERS 2024 GE (Chapter 6 Opening Case) is unusual in that it a. is widely diversified but competes only in manufacturing industries. b. has had an unblemished environmental record. c. is one of the few large diversified large firms that have been successful over time. d. restricted its investments to only developed economies. - Accurate Answerc As noted in the Chapter 6 Opening Case, GE is now a major player in the "clea...

Econ 2035 Ch.2 Test Bank Questions with Correct Answers Verified by Expert 2024/2025 Update D Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. A Financial markets have the basic function of A) getting people with funds to lend together with people who want to borrow funds. B) assuring that the swin...

Chapter. 1 Why Study Money, Banking, and Financial Markets? 1.1 Why Study Financial Markets? 1) Financial markets promote economic efficiency by A) channeling funds from investors to savers. B) creating inflation. C) channeling funds from savers to investors. D) reducing investment. Answer: C Ques Status: Previous Edition 2) Financial markets promote greater economic efficiency by channeling funds from to . A) investors; savers B) borrowers; savers C) savers; borrowers D) savers; ...