BFN101 QUIZ

-------is concerned with the process institutions, markets and instruments involved in the transfer of money among individuals,

business, and governments.

• Market

• Bank

• Financial Institution

• Finance

In a simple interest, what is the future sum in an account if ₦20,000 is deposited for 6 months at 14% per annum.

• ₦22,000

• ₦21,400

• ₦21,500

• ₦20,000

What is the present value of ₦15,000 due in 5years at 12% interest rate compounded monthly?

• ₦15,504

• ₦5,504

• ₦8,257

• ₦11,008

-------- as a subject is a branch of economics concerned with resource allocation as well as resource management, acquisition and

optimal investment.

• Marketing

• Finance

• Management

• Investment

A man borrows ₦3500 for 220days at 12%. what amount must he repay?

(360day = 1year)

• ₦3,756.66

• ₦3,576.66

• ₦3,675.66

• ₦3,567.66

What is the present value of ₦100,000 due in 5years at 12% interest rate compounded monthly?

• ₦45,504

• ₦55,045

• ₦58,264

• ₦51,008

------- details sourcing and application of fund to support organisational activities.

• Finance

• Bank

• Financial Institution

• All the options are correct

What is the present value of ₦20,000 due in 5years at 12% interest rate compounded monthly?

• ₦15,504

• ₦5,504

• ₦8,264

• ₦11,008

In a simple interest, what is the future sum in an account if ₦20,000 is deposited for 6 months at 10% per annum.

• ₦22,000

• ₦21,000

• ₦21,500

• ₦20,000

The art and science of planning, organizing and executing the financial activities of an organization in order to attain set goals is known as

• Marketing

• Finance

• Management

• Investment