Quiz: Only World-Class CFOs Have Gotten 100% on This Finance Quiz. Can You?

Beyoncé laying in a pool of money
On the Run Tour via HBO

“The more you learn, the more you earn.” -Frank Clark

If you majored in finance or business, or work with anything remotely financial, then put your money knowledge to the ultimate test with this quiz!

 Aug 18, 2018
1 of 18Choose Your Answer:
Which of the following is not an income statement in the accounting field?
Expense statement
Income statement
Balance sheet
2 of 18Choose Your Answer:
Liabilities of a company can be found on a:
Asset holdings
Expense report
Balance sheet
3 of 18Choose Your Answer:
____ is king.
Investment
Cash
Credit
4 of 18Choose Your Answer:
Which is cheaper? Debt or equity?
Debt
Equity
5 of 18Choose Your Answer:
What does PP&E stand for?
Property, Plant, and Equipment
Partners, Payables, and Equity
Personal Pay and Extension
6 of 18Choose Your Answer:
What does ROI stand for?
Rests on Inquiries
Reevaluate Optional Investigation
Return on Investment
7 of 18Choose Your Answer:
What does a FICO score calculate?
Net worth
Amount of debt
Credit
8 of 18Choose Your Answer:
A bond is similar to an I.O.U.
True
False
9 of 18Choose Your Answer:
What is an IPO?
When a company becomes a non-profit
When a company goes public
When a company acquires a small business
10 of 18Choose Your Answer:
This means paying off of debt with a fixed repayment schedule in regular installments over a period of time.
Amortization
Annuity
Capitalization
11 of 18Choose Your Answer:
What is ownership of an asset called?
Credit
Investment
Equity
12 of 18Choose Your Answer:
What entity or body regulates interest rates?
Federal Reserve
Bank of America
Department of Treasury
13 of 18Choose Your Answer:
Which of the following is a post-tax retirement plan?
Roth IRA
TIAA Cref
401K
14 of 18Choose Your Answer:
There won't be a tax penalty when you withdraw from your Roth IRA or 401K if you are at least:
50 years old
71 1/2 years old
59 1/2 years old
15 of 18Choose Your Answer:
Experts recommend that you should save ____ months worth of living expenses.
1 - 2
6 - 12
3 - 6
16 of 18Choose Your Answer:
Debt and equity are types of:
Liabilities
Capital
Assets
17 of 18Choose Your Answer:
If you want to know the overall worth of a business, you must seek a:
Investigation
Valuation
Depreciation
18 of 18Choose Your Answer:
If you make a single deposit of $1,000 in a savings account, with an interest rate of 1.5% compounded annually. What will be your balance after 10 years?
$1,000
$1,150
More than $1,150
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