Unit 1- What is finance?

1. 1. Finance is...

• The spending of money

• The management of money

• The saving of money

• The investment of money

2. 2. What are the 3 main types of finance?

2. 3.What are the activities included in finance:

3. borrowing, lending, budgeting and forecasting.

4. Which 2 activities are missing?

4.Personal finance deals with...

• family budget

• savings

• mortgage

• All of the above

5. 5.Governments finance their expenditures through various methods

• taxation

• borrowing money

• the sale of natural resources

• all of the above

6. 1.Government budgets are always balanced.

• True

• False

7. Corporate finance involves ....

• tax systems, expenditures, budget procedures, stabilization policy

• managing assets, liabilities, revenues, and debts

• budgeting, insurance, mortgage planning, savings, and retirement planning.

• none of the above

8. Which job is NOT in the finance sector?

• Bank manager

• CPA

• money embezzlement

• Insurance broker