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Five characteristics of useful money

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Name three finance functions important to the firm's overall operations and performance.

What three primary financial problems cause firms to fail?

How do short-term and long-term financial forecasts differ?

What is the purpose of preparing budgets in an organization?

Can you identify three different types of budgets?

What is money?

What are the five characteristics of useful money?

What is the money supply, and why is it important?

How does the Federal Reserve control the money supply?

What are the major functions of the Federal Reserve?

What other functions does it perform?

Why did the United States need a Federal Reserve Bank?

What are the differences among banks, savings and loan associations, and credit unions?

What is a consumer finance company?

What is the role of the FDIC?

How does a debit card differ from a credit card?

What is the World Bank and what does it do?

What is the IMF and what does it do?

Reference no: EM133045646

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