If Federal Reserve governors can only serve one fourteen-year term, how is it possible that Greenspan joined the Fed in 1987 and did not leave until 2006?
What will be an ideal response?
Greenspan joined in 1987, completing the last few years of someone else's term, then was appointed to his own 14-year term beginning in 1992.
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Wholesaling includes all the activities in selling goods or services to those who buy for resale or business use
Indicate whether the statement is true or false
One of the key benefits of international trade is that it allows consumers and producers to benefit by exploiting each country's comparative advantage.
Answer the following statement true (T) or false (F)
At the end of the accounting period:
A. permanent accounts are closed; temporary accounts are not. B. only accounts with a credit balance are closed. C. temporary accounts are closed; permanent accounts are not. D. all accounts are closed.
Misclassifying a product cost as a period cost will usually cause the income statement to be incorrect, but the balance sheet will not be affected.
Answer the following statement true (T) or false (F)