FIN 300 Quiz 1 (Latest Update )
Questions and Verified Answers {Grade A}
100 % Correct
The primary goal of the Users in the Financial system is to:
- Encourage other users to borrow less
- Obtain funds for the least cost
- Obtain funds at the highest interest rate
- Avoid borrowing from the financial intermediaries
- Disable the financial system - correct answer Obtain funds for the least cost
Financial intermediaries' main goal is to:
- Encourage users to borrow less
- Encourage providers to save less
- Provide funds at interest rate substantially above the market rate
- Provide funds at an interest rate substantially below the market rate
- Charge an amount that will pay them to operate and charge an adequate interest
rate - correct answer Charge an amount that will pay them to operate and charge an
adequate interest rate
Goals that are SMART, include all of the following except:
- Specific
- Measurable
, FIN 300 Quiz 1 (Latest Update )
Questions and Verified Answers {Grade A}
100 % Correct
- Action-oriented
- Realistic
- Thoughtful - correct answer Thoughtful
Goals that are SMART, include all of the following except:
- Specific
- Meaningful
- Action-oriented
- Realistic
- Time-based - correct answer Meaningful
A goal that would be considered measurable would be:
- Pay off student debt
- Plan a new vacation that costs $1000
- Save for a new car
- Saving $200 per month
- Reducing dining out to provide money for savings - correct answer Saving $200 per
month
Questions and Verified Answers {Grade A}
100 % Correct
The primary goal of the Users in the Financial system is to:
- Encourage other users to borrow less
- Obtain funds for the least cost
- Obtain funds at the highest interest rate
- Avoid borrowing from the financial intermediaries
- Disable the financial system - correct answer Obtain funds for the least cost
Financial intermediaries' main goal is to:
- Encourage users to borrow less
- Encourage providers to save less
- Provide funds at interest rate substantially above the market rate
- Provide funds at an interest rate substantially below the market rate
- Charge an amount that will pay them to operate and charge an adequate interest
rate - correct answer Charge an amount that will pay them to operate and charge an
adequate interest rate
Goals that are SMART, include all of the following except:
- Specific
- Measurable
, FIN 300 Quiz 1 (Latest Update )
Questions and Verified Answers {Grade A}
100 % Correct
- Action-oriented
- Realistic
- Thoughtful - correct answer Thoughtful
Goals that are SMART, include all of the following except:
- Specific
- Meaningful
- Action-oriented
- Realistic
- Time-based - correct answer Meaningful
A goal that would be considered measurable would be:
- Pay off student debt
- Plan a new vacation that costs $1000
- Save for a new car
- Saving $200 per month
- Reducing dining out to provide money for savings - correct answer Saving $200 per
month
