The unusual structure of the Federal Reserve System is perhaps best explained by
A) Americans' fear of centralized power.
B) the traditional American distrust of moneyed interests.
C) Americans' desire to remove control of the money supply from the U.S. Treasury.
D) all of the above.
E) only A and B of the above.
E
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Which of the following entries records the payment of rent for the current month?
A) Cash, debit; Rent Expense, credit B) Rent Expense, debit; Cash, credit C) Rent Expense, debit; Accounts Receivable, credit D) Accounts Payable, debit; Rent Expense, credit
Choosing not to participate in a 401(k) retirement plan in which the employer matches the employee contributions
A) is usually a good idea if you use your contributions to invest on your own. B) means that you give up an opportunity to double your money immediately. C) is a good idea if you are in a high tax bracket. D) is a good idea because most employers provide retirement plans anyway.
Which of the following statements is TRUE?
A) By law, tenants generally are responsible for repairs to commercial premises. B) By law, landlords generally are responsible for repairs to commercial premises. C) By law, tenants are only responsible for repairs of deterioration caused by reasonable wear and tear. D) By law, tenants are only responsible for repairs when the premises become unusable. E) both B and C
Some websites allow consumers to shop while getting opinions from online friends. Which of the influences on the consumer buying process does this represent?
A. situational B. psychological C. social D. motives E. perception