Which of the following is a government regulation that enables the government to achieve its goals for the banking system??
A. ?A government regulation that allows for mergers in order to help increase the size of a bank.
B. ?A government regulation that provides complete discretion to banks to manage the supply of money.
C. ?Banks are required to hold reserves in order to control the money supply.
D. ?Banks are penalized in case of inefficient functioning.
Answer: C
You might also like to view...
This barrier to effective intercultural communication occurs when you avoid topics because they can create tension:
A) accent bias B) vernacular bias C) stereotyping D) walking on eggs
What type of store is TJ Maxx considered to be?
A. Specialty retailer B. Full-line discount store C. Department store D. Off-price retailer E. Extreme-value retailer
Exhibit 22-1 On January 1, 2016, the Chrissy Company purchased a machine for $450,000 with an estimate useful life of six years and a $30,000 salvage value. Straight-line depreciation was used for financial reporting purposes and MACRS depreciation for income tax reporting. Effective January 1, 2018, Chrissy switched to the double-declining-balance depreciation method for financial statement
reporting but not for income tax purposes. Chrissy can justify the change. ? Refer to Exhibit 22-1. Assuming an income tax rate of 35%, what is the amount of cumulative effect change reported in Chrissy's 2018 income statement ? A) $0 B) $77,000 C) $93,333 D) $110,000
Answer the following statements true (T) or false (F)
1) When a manufacturing company uses a standard cost system, Work-in-Process Inventory is debited at standard input quantities and standard costs. 2. When a manufacturing company uses a standard cost system, an unfavorable variance is a contra expense 3. The standard cost income statement doesn't alter the actual operating income—it simply emphasizes the variances from standard. 4. On a standard cost income statement, the variances with debit balances are shown in parentheses because they are contra expenses and therefore decrease the expense Cost of Goods Sold. n a Standard Cost System? (H1)