The national debt is
a. the difference between a nation's exports and imports of goods and services.
b. the sum of the personal debt of all citizens in the United States.
c. the cumulative effect of all past budget deficits and surpluses of the federal government.
d. equal to the current size of the budget deficit.
C
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A proprietorship is
A) two or more individuals in business together. B) a corporation that is taxed like an individual. C) a business owned by one individual who makes all of the decisions. D) a government-owned franchise.
In 2008 the Fed added a new monetary tool. What is that tool?
A. Interest payments to banks on their bank reserves B. The discount rate required for banks to borrow money C. The fed funds rate for overnight funds D. Open market operations meant to change the supply of money
The financial management of a company should take steps to see that company's investment securities are protected. Which of the following is not a step that is designed to protect investment securities?
A) Securities should be registered in the name of the owner. B) Access to securities should be vested in more than one person. C) Custody of securities should be assigned to persons who have the accounting responsibility for securities. D) Securities should be properly controlled physically in order to prevent unauthorized usage.
TC -TVC =
A. AFC. B. ATC. C. TFC. D. AVC.