To get a bank charter you need to demonstrate: (select all that apply)   A. That your community needs another bank.   B. That you have enough capital to start a bank   C. That you have the required reserves   D. That you are of good character

1. What is the primary social function of the financial system? a. To direct financial capital to its highest and best use b. To maximize shareholder returns c. To maintain a steady stream of financial innovations d. To find unexploited profit opportunities 2. What is the primary challenge of a barter economy? Successful transactions require transporting and distributing goods from one location to another b. Successful transactions require consumers to gather information on a variety of goods and services and pick a combination that maximizes consumer utility c. Successful transactions require producers to manage a complex set of inputs d. Successful transactions require the realization of a double coincidence of wants 3. Technically, money is a. The base good for which all other goods and services are traded b. The commodity of greatest value in a society c. Always a fiat currency d. The object of production

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Assets 1. A share in a publicly traded company 2. The funds in a savings account 3. A $10 bill 4. Your car Select the assets in order of their liquidity, from most liquid to least liquid.   Asset Most Liquid      Second-Most Liquid      Third-Most Liquid      Least Liquid give answer with explanation