Which of the following is true of the fed funds rate
A. It is the same as the Treasury rate
B. It is an overnight interbank rate
C. It is a rate for which collateral is posted
D. It is a type of repo rate
B
At the end of each day some banks have surplus reserves on deposit with the Federal Reserve others have deficits. They use overnight borrowing and lending at what is termed the fed funds rate to rectify this.
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According to a survey of purchasing agents, it is most important during a sales call for a professional salesperson to:
A. demonstrate knowledge of the buyer's product line. B. use high-pressure techniques. C. develop friendships with customers. D. provide a solid marketing plan. E. speak about the competition.
All of the following statements regarding manufacturing costs are true except:
A. Direct material costs are traceable to products. B. When overhead costs don't vary with production, they are called fixed overhead. C. When overhead costs vary with production, they are called variable overhead. D. The reporting of fixed and variable costs separately is not helpful to managers in analyzing cost behavior. E. Overhead can be both variable and fixed.
If a seller cures within a reasonable amount of time, the contract A)has been performed
B)is breached. C)is void. D)is voidable.
________ is the use of mathematical operations to protect messages travelling between parties or stored on a computer
A) Cryptography B) Encryption C) Authentication D) Confidentiality