In 2011, Tim's Gyms Needs to Finance the Building of a New

question 89

Multiple Choice

In 2011, Tim's Gyms needs to finance the building of a new gym. Suppose Tim secures this financing from a bank, and the bank receives ownership if Tim fails to make payments. This type of funding is

• A)a mortgage obtained in the loan market.
• B)a stock issued in the bond market.
• C)a bond issued in the bond market.
• D)a mortgage obtained in the stock market.
• E)a stock issued in the loan market.

Learn the significance of consumer spending and its effects on the economy.

Understand the concepts of risk, including liquidity, inflation, and interest rate risks, in financial planning.

Recognize the importance of time value of money in financial planning.

Identify and develop personal financial goals and understand the financial planning process.

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Definitions:

Honesty

The quality of being truthful, transparent, and free from deceit or fraud.

Integrity

The quality of being honest and having strong moral principles, often regarded as a foundational element of ethical behavior in both personal and professional contexts.

Embellishing

The act of adding decorative details or features to something, often to make it more attractive or interesting; can also mean exaggerating facts.

Social Responsibility

The duty of businesses and individuals to act in the best interests of society and the environment.