Match the Terms with the Definitions

question 49

Multiple Choice

Match the terms with the definitions.
-Checks issued during the bank statement period that have not been presented to the bank for payment before the statement is prepared.

• A)outstanding checks
• B)cash
• C)petty cash voucher
• D)automated teller machines
• E)change fund
• F)internal control
• G)credit memos
• H)debit memos

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Definitions:

NASDAQ Composite

An index of over 2,500 stocks listed on the NASDAQ stock exchange, representing a wide range of industries.

S&P 500

An index comprising 500 of the largest companies listed on stock exchanges in the United States.

DJIA

The Dow Jones Industrial Average (DJIA) is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States, often used as an indicator of the overall health of the US stock market.

Tax Free Municipal Bond

A debt security issued by a state, municipality, or county to finance its capital expenditures, exempt from federal taxes and, in some cases, state and local taxes.