The Credit Card Fraud Act prohibits which of the following practices?

a. Possessing unauthorized cards.
b. Counterfeiting or altering credit cards.
c. Using accounts numbers alone.
d. Using cards obtained from a third party with his consent when the third party conspires to report the cards as stolen.
e. All of these are prohibited.


e

Business

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If the ratio of currency to transaction accounts is 2, the ratio of nontransaction accounts to transaction accounts is 5, the ratio of retail money-market funds to transaction accounts is 1, the ratio of required reserves to transaction accounts is 0.08, and the ratio of excess reserves to transaction accounts is 0.02, the M1 multiplier is about

A. 1.42. B. 2.12. C. 2.81. D. 4.24.

Business

Answer the following statement(s) true (T) or false (F)

1. In today’s quickly changing work environment the close, or autocratic, style of leadership is never appropriate. 2. The first step in the control process is to set standards. 3. Controlling is concerned with making certain that plans are correctly implemented and are being achieved. 4. If you are a laissez-faire leader who empowers others through effective delegation, then you do not need to be involved in the control process. 5. Planning, organizing, staffing, directing, and controlling should be carried out in all firms, but are only truly necessary in large-sized firms.

Business

If Left Bank stock has a beta of 1.25, the return from the market portfolio is 15%, and the Treasury bill return is 5%, what is the required return from the stock?

A) 17.5% B) 12.5% C) 16.0% D) 7.5% E) 15.0%

Business

With regard to chemical restriction or banning under TSCA there is:

a. no presumption of innocence, the EPA need not show a chemical poses a health hazard before restricting or banning it b. a presumption of innocence, the EPA must show a chemical poses a health hazard before restricting or banning it c. a presumption of innocence, but the firm producing the chemical must prove that there is no health hazard d. no presumption of innocence, the firm producing the chemical must show that it is no health hazard before it begins production e. none of the other choices are correct

Business