In its role as a regulator, the Fed:
A. maintains the federal government's checking account.
B. influences the economy through taxation and spending decisions.
C. oversees mergers and acquisitions.
D. coordinates the check-clearing process for checks on behalf of banks.
Answer: C
You might also like to view...
Being nonverbally attentive, such as using eye contact and leaning in at appropriate times, is important for the ______ step of listening.
a. understanding b. interpreting c. evaluating d. responding
161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to an expense and a credit to a prepaid expense for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to a prepaid expense and a credit to Cash for $5,625. E. A debit to an expense and a credit to a prepaid expense for $1,875.
An adjusting entry would adjust revenue so it is reported when earned and not when cash is received
Indicate whether the statement is true or false
The table below shows selected financial data for the Turtle Income fund, the Hare Growth fund, the market portfolio and the risk free asset
If you wanted to build a portfolio out of T-Bills and the market portfolio to mimic the performance of the Turtle Income Fund, what proportion would you invest in the market portfolio? Turtle Hare Market Risk Free Expected Return 10% 13% 12% 5% Std Dev. 8.5% 17.9% 11.9% 0% Beta 0.7143 1.4 1 0 A) 37.1% B) 50.0% C) 71.4% D) 105.7% E) 140.0%