A form of business firm which is owned and run by a group of individuals for their mutual benefit is called ___________________?

A. Cooperative
B. Corporation
C. Enterprise
D. Partnership

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 refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save ?

A. Compulsory saving
B. Consumer saving
C. Forced saving
D. All of the above

The flow back of profit plus depreciation form a given project is called ___________________?

A. Capital recovery
B. Cash flow
C. Economic return
D. Earning value

As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ___________________?

A. Annuity
B. Amortization
C. Capital recovery
D. Annuity factor

What do you call a one-time credit against taxes ?

A. Due credit
B. Tax credit
C. Credible credit
D. Revenue credit

What is used when a quick estimate of the doubling time for the invested money is needed ?

A. Rule of 48
B. Rule of 36
C. Rule of 24
D. Rule of 72

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

What is the reduction in the money value of capital asset is called ?

A. Capital expenditure
B. Capital loss
C. Loss
D. Deficit

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