Question 1

Credit cards offer ________ so you can withdraw money instantly.

Options :

A : Cash reward

B : Credit cash

C : Mortgage

D : Cash advance

Answer: D

Question 2

Once the dealer accepts your offer, you complete the purchase transaction and take the delivery of the car. If you are not paying cash for the car, you can arrange financing:

Options :

A : Through a consumer finance company

B : At your bank

C : A credit union

D : All of these

Answer: D

Question 3

Which of the following is the right to sell?

Options :

A : System option

B : Strategic option

C : Call option

D : Put option

Answer: D

Question 4

Which one of the following is correct formula for calculating operating margin?

Options :

A : Net Profit/Net Sales

B : Net income/Net Sales

C : Operating income/Net Sales

D : Operating income/credit sales

Answer: C

Question 5

The actual market value of a right will differ from its theoretical value for all of the following reasons Except for:

Options :

A : The size of the firm-s marginal tax rate

B : The amount of transactions costs incurred

C : Investor speculation

D : The irregular exercise and sale of rights over the subscription period

Answer: A

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