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Home Interview Accounting and Finance Comments

  • Question
  • An increase in the price of product A will


  • Options
  • A. reduce the demand for resources used in the production of A.
  • B. reduce the demand for substitute product B
  • C. increase the demand for complementary product C.
  • D. increase the demand for substitute product B.

  • Correct Answer
  • increase the demand for substitute product B. 

    Explanation

    If the price of a product rises, the demand for the substitute product increases.

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


    Search Results


    • 1. The interest-rate effect suggests that

    • Options
    • A. an increase in the price level will increase the demand for money, increase interest rates, and decrease consumption and investment spending.
    • B. a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending
    • C. an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending.
    • D. an increase in the price level will increase the demand for money, reduce interest rates, and decrease consumption and investment spending.
    • Discuss
    • 2. Most financial investments are examples of what type of risk?

    • Options
    • A. Credit risk
    • B. Longevity risk
    • C. Human risk
    • D. Inflation risk
    • Discuss
    • 3. The credit balance in the bank account is

    • Options
    • A. amount liable to pay by bank
    • B. amount liable to pay by customer
    • C. Both A + B
    • D. None of the above
    • Discuss
    • 4. Which investment type typically carries the least risk?

    • Options
    • A. Mutual funds
    • B. Treasury bonds
    • C. Savings account
    • D. Individual stocks
    • Discuss
    • 5. Compounding interest means interest accrues

    • Options
    • A. at variable rates throughout the term
    • B. more quickly than simple interest
    • C. more slowly than simple interest
    • D. at the same rate as simple interest
    • Discuss
    • 6. Which of the following best describes Accounting?

    • Options
    • A. is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business
    • B. is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
    • C. records economic data but does not communicate the data to users according to any specific rules
    • D. is of no use by individuals outside of the business
    • Discuss
    • 7. The accounting process is correctly sequenced as

    • Options
    • A. Identifying?recording?communicating
    • B. Identifying?communicating?recording
    • C. Communicating?Recording?Identifying
    • D. Recording?Communicating?Identifying
    • Discuss
    • 8. Which of the following can increase your credit card?s APR?

    • Options
    • A. making credit card payments
    • B. missing credit card payments
    • C. not using credit card for long time
    • D. All of the above
    • Discuss
    • 9. Purchase return and allowances is a contra account

    • Options
    • A. TRUE
    • B. FALSE
    • Discuss
    • 10. Who is responsible to pay back all debts?

    • Options
    • A. government
    • B. spouse
    • C. Both A & B
    • D. None of the above
    • Discuss


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