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Finance Knowledge Quiz

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Questions and Answers

Which of the following is NOT considered an area of finance?

Quantitative finance (correct)
Personal finance
Public finance
Corporate finance

What is the main purpose of finance?

To channel money from savers and investors to entities that need it (correct)
To provide loans and credit to individuals, companies, and governments
To facilitate the purchase and sale of stocks and bonds
To manage and mitigate financial risks

Which financial institution aggregates the activities of many borrowers and lenders?

Mutual fund
Pension fund
Bank (correct)
Investment bank

Which of the following best defines finance?

The study of money, currency, and capital assets (B) Signup and view all the answers

What is the primary focus of financial analysis?

Assessing the viability, stability, and profitability of an action or entity (A) Signup and view all the answers

Which field of finance aims to maximize value and minimize volatility?

Asset management (C) Signup and view all the answers

Which of the following is NOT a step outlined by the Financial Planning Standards Board for understanding a potentially secure personal finance plan?

Planning a secure financial future in an environment of economic instability (A) Signup and view all the answers

What is the primary focus of corporate finance?

Maximizing the value of the entity's assets and return to shareholders (B) Signup and view all the answers

What does public finance primarily concern?

Investment decisions that affect public entities (A) Signup and view all the answers

What role do central banks play in public finance?

Acting as lenders of last resort and influencing monetary and credit conditions (C) Signup and view all the answers

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