LIBF Unit 3 Glossary Questions

LIBF Unit 3 Glossary Questions

12th Grade

100 Qs

quiz-placeholder

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LIBF Unit 3 Glossary Questions

LIBF Unit 3 Glossary Questions

Assessment

Quiz

Other

12th Grade

Medium

Created by

Ootstheresheis undefined

Used 1+ times

FREE Resource

100 questions

Show all answers

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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