IFE S2 The Economic Role of Finance

IFE S2 The Economic Role of Finance

University

10 Qs

quiz-placeholder

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IFE S2 The Economic Role of Finance

IFE S2 The Economic Role of Finance

Assessment

Quiz

Financial Education

University

Medium

Created by

Atilla Gumus

Used 26+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are functions of a financial system?

1.     The operation of a payments system

2.     Providing the means of portfolio adjustment

3.     Helping to reduce unemployment

4.     Channelling funds between lenders and borrowers

5.     Helping speculators to bet on price movements

2, 3 and 5

1, 2 and 4

2 to 5

1 and 5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are deposit-taking institutions (DTIs)?

1.       Building societies

2.       Insurance companies

3.       Investment trust companies

4.       Retail banks

5.       Pension funds

1 only

2 and 5

1 and 4

1 and 2

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial markets have the basic function of:

Bringing together people with funds to lend and people who want to borrow

Assuring that the swings in the business cycle are less pronounced

Assuring that governments need never resort to printing money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main benefit of a functioning financial system?

It creates wealth given that large profits are possible on various financial markets.

It helps in the conversion of precious metals to final goods.

It provides an opportunity for individuals to get rich quickly.

It converts liquid funds to the production factor capital.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every financial market has the following characteristic:

It determines the level of interest rates.

It allows common stock to be traded.

It allows loans to be made.

It channels funds from lenders/savers to borrowers/spenders.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Limited liability implies that...

the number of shares that can be issued is limited.

the number of owners is limited.

owners are not liable with their private wealth for losses of the business.

shareholders can only lose a limited amount of money.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A deficit unit is one for whom:

Saving equals investment

Saving exceeds investment

(consumption + investment) exceeds income

Consumption exceeds income

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