Open-market operations are carried out between the Open Market Desk of the Fed and

A. foreign central banks.
B. the U.S. government.
C. citizens residing in the U.S.
D. primary government securities dealers.


Answer: D

Business

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If the sales effect for period 5 is $125 million and the carryover effect is 0.25, calculate the total sales impact for period 5

A) $500 million B) $31.25 million C) $166.67 million D) $93.75 million E) $156.25 million

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Helen is planning to open a high-fashion clothing store for young professional women. Which of the following descriptors is the most important consideration for the fixtures?

A. Economical B. Elegant C. Feminine D. Practical

Business

Accounting policies that result in the fastest reporting of income are the most conservative

Indicate whether the statement is true or false

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An overstatement of beginning inventory results in

A) no effect on the period's gross margin. B) an overstatement of gross margin. C) an understatement of gross margin. D) a need to adjust purchases.

Business