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Arizona Department of Education / Career and Technical Education
Finance Sample Test
Sample Test Name: Finance
(These items were developed by teachers for the Technical Skills Assessment. Below is a
sample item for each program standard.)
How does the bank reconcile its balance at the end of the day?
A)
Debits equal credits
B)
Income equals expenses
C)
Net worth equals owner's equity
D)
Assets equal liabilities
Who independently reviews a bank's financial records for accuracy?
A)
Managers
B)
Auditors
C)
Supervisors
D)
Tellers
Based on the Rule of 72, if an investor can earn 9% on an investment, how many years will it
take to double in value?
A)
12
B)
9
C)
6
D)
8
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