The Federal Reserve System was:

A. given the responsibility of being a watchdog of the international banking system.
B. formed to serve as a district-level bank for all the states in the United States.
C. created by the Financial Services Modernization Act of 1999.
D. created to serve as the central bank in the United States.


Answer: D

Business

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The following information relates to the Tykex Company for 2014: Net income, $50,000 Common stock, shares outstanding on January 1 . 30,000 June 30, 2014, issued 2,000 shares of 8% cumulative convertible preferred stock, $100 par value, each share convertible into 1 . shares of common stock. September 30, 2014, issued a 40% stock dividend. What is diluted earnings per share?

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Indicate whether the statement is true or false

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A) you put together your own health care network. B) you are provided quality care at typically high cost. C) your primary care physician serves as the gatekeeper to your health care network. D) government regulations determine the provision of medical services.

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