Explain the role of the Bank for International Settlements as the central banks' bank?
What will be an ideal response?
One of the BIS's main functions is to serve as a bank for the world's central banks. It does so by helping some 140 central banks manage and invest their monetary reserves. Most of these funds are placed in the world's money market in the form of commercial bank deposits and short-term negotiable instruments (such as certificates of deposit). Beyond placing surplus funds in the international marketplace, the BIS occasionally make liquid resources available to central banks. Such transactions include swaps of currency for gold, credits advanced against a pledge of gold or marketable short-term securities, and, less frequently, unsecured credits and standby credits. The bank also carries on exchange transactions in foreign currency and gold both with the central banks and with the markets.
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Fizzzle Inc sold a piece of equipment during the period for $230,000 and recorded a gain of $45,000 on the sale. How should this gain be treated when preparing the operating activities section of the statement of cash flows using the indirect method?
a. A sale of equipment is an investing activity; the transaction will not affect the operating activities section. b. The gain is added back to net income in the operating activities section. c. The gain is subtracted from net income in the operating activities section. d. The entire sales price is subtracted from net income in the operating activities section.
The parol evidence rule does not apply in which of the following scenarios?
A) contradict a complete written contract. B) prove the modification or termination of a contract. C) replace the statute of frauds. D) create a contract.
Despite their potential, many current NoSQL tools lack mature management and monitoring tools
Indicate whether the statement is true or false
The richest communication media are more
A. audio than visual. B. visual than audio. C. more technological than personal. D. personal than technological. E. hands-on than hands-off.