@zareen said in MGT201 Quiz 1 Solution and Discussion:

Which of the following document/s is/are used to prepare a financial plan?

A financial plan documents an individual’s long-term financial goals and … The following steps in creating a financial plan may, of course, … You can’t create a financial plan without knowing where your money is … Don’t overlook cash withdrawals that may be used on sundries from shampoo to sodas.

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Which of the following is a strategy of risk management that is employed by investors to reduce or minimize the chances of loss? MGT201
Diversification

Thanks for sharing

@zaasmi said in BNK601 Quiz 1 Solution and Discussion:

The strong financial system helps in ---------- the spread between banks lending and borrowing rate.

Spreads in Lending
For any business that lends money, the interest rate spread is what the company charges on a loan compared to its cost of money. A bank runs on interest rate spreads, paying a certain rate on savings and CD deposits and making loans at higher rates than it pays to savers.