
LIBF Unit 3 Glossary Questions
Quiz
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Other
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12th Grade
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Medium
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100 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Administration order is:
A court order to manage the affairs of a company in financial trouble
A government directive to enforce new regulations
An executive order issued by the President
A legal document to transfer property ownership
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Arrears?
Arrears are payments made in advance.
Arrears are payments that are overdue.
Arrears are a type of loan.
Arrears are a form of investment.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Assets?
Assets are resources owned by a company that have economic value.
Assets are liabilities that a company owes to others.
Assets are the profits made by a company.
Assets are the expenses incurred by a company.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Attendance Allowance?
A government benefit for people with disabilities
A type of insurance policy
A tax deduction for employees
A retirement savings plan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Automatic credit transfer?
A method of transferring funds automatically between accounts
A manual process of crediting accounts
A type of loan offered by banks
A credit card transaction
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Automation?
The use of technology to perform tasks without human intervention
A manual process of completing tasks
A type of computer programming
A form of artistic expression
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Bank liquidity?
The ability of a bank to meet its financial obligations as they come due.
The process of converting assets into cash.
The amount of cash a bank holds in its vault.
The interest rate at which a bank lends money.
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