The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ____________________?
(A) Currency appreciation
(B) Currency depreciation
(C) Currency devaluation
(D) Currency float
What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate______________?
(A) Currency appreciation
(B) Currency depreciation
(C) Currency devaluation
(D) Currency float
What refers to the negotiable claim issued by a bank in lien of a term deposit ?
(A) Time deposit
(B) Bond
(C) Capital gain certificate
(D) Certificate of deposit
What is the reduction in the money value of capital asset is called ?
(A) Capital expenditure
(B) Capital loss
(C) Loss
(D) Deficit
What is the increase in the money value of a capital asset is called?
(A) Profit
(B) Capital gain
(C) Capital expenditure
(D) Capital stock
The financial health of the company is measured in terms of______________?
(A) Liquidity
(B) Solvency
(C) Relative risk
(D) All of the above
What is the basic accounting equation ?
(A) Assets = liability + owner’s equity
(B) Liability = assets + owners’ equity
(C) Owner’s equity = assets + liability
(D) Owner’s equity = liability – assets
The ability to convert assets to cash quickly is known as ________________?
(A) Solvency
(B) Liquidity
(C) Leverage
(D) Insolvency
The ability to meet debts as they become due is known as __________________?
(A) Solvency
(B) Leverage
(C) Insolvency
(D) Liquidity
What is a stock of a product which is held by a trade body or government as a means of regulating the price of that product ?
(A) Stock pile
(B) Hoard stock
(C) Buffer stock
(D) Withheld stock