During the financial crisis that began in 2008, what was the key aspect in banks that made savers comfortable that their money was safe?
A) Congress was watching over the banks
B) The Federal Reserve did not let any banks fail
C) Deposits were insured up to $250,000 by FDIC
D) Bailouts protected the savers
Answer: C
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Consider the following statement: "Our profits, which have been disappointing, are only part of the total picture." This statement uses a ________ to deliver negative news
A) mixed metaphor B) parenthetical expression C) deflective reference D) contingent modifier E) conditional statement
Which group of stakeholders' primary interests include maximizing profits, growing market share, and high return on investment?
A. Partners/Suppliers B. Community C. Shareholders/Investors D. Government
A percentage can be used as the sample statistic for parameter estimation no matter what kind of variable – categorical or metric – is being used
Indicate whether the statement is true or false
Which of the following does not represent a problem with financial analysis?
a. Financial statement analysis is an art; it requires judgment decisions on the part of the analyst. b. Financial analysis can be used to detect apparent liquidity problems. c. There are as many ratios for financial analysis as there are pairs of figures. d. Some industry ratio formulas vary from source to source. e. Adequate detailed disclosure of how the industry ratios are computed is often lacking.