In the context of monetary policy, when the Fed reduces the discount rate, banks will have to obtain funds at a higher cost.
Answer the following statement true (T) or false (F)
False
When the Fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers. With the cost of acquiring funds from the Fed lower, interest rates on bank loans also tend to fall. See 2-2: Managing the Economy through Fiscal and Monetary Policy
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A magazine breaking down its readership by age, income, and marital status is using
A) demographic factors. B) psychographic data. C) behavioral statistics. D) connector evaluations. E) production concept principles.
Which of the following statements is true about the UCC's requirements of a bank's duty to provide information to its customers?
a. The UCC requires banks to issue monthly statements to checking account customers. b. Banks must return cancelled checks in monthly bank statements c. Banks are not required to issue statements, but if they do, the statement must provide either the cancelled checks or a list of check numbers, amounts and dates of payment. d. Banks are not required to return cancelled checks, but must keep the originals on file for three years.
As in the consumer decision process, evaluation occurs in the organizational buying decision process, but it is more formalized and often more sophisticated. All items purchased are examined in a formal product acceptance process. The performance of the vendor is also monitored and recorded. This evaluation occurs during the ________ stage.
A. supplier audit B. performance review C. problem recognition D. purchase decision E. postpurchase behavior
If a company deals with violations of its ethical codes ____, the opportunity to be unethical will be reduced.
A. leisurely and lightly B. firmly and consistently C. on a case-by-case basis D. quietly and erratically E. frequently and severely