Match each term with the correct statement below.
a. EFT
b. ACH
c. ATM
d. POS
e. M1
f. M2
g. commercial banks
h. savings and loans associations
1. The use of a debit card at a retail store
2. The transfer of funds by means of an electronic terminal, telephone, computer, or magnetic tape
3. The money supply measurement that just includes demand deposits and currency
4. A common form of EFT that allows depositors access to their accounts at all times of the day
5. A for-profit financial institution that offers a wide variety of financial services
6. The money supply measurement that includes time deposits, demand deposits, money market accounts, and currency
1. D) POS
2. A) EFT
3. E) M1
4. C) ATM
5. G) commercial banks
6. F) M2
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Centennial Company sold 600 units of inventory at $20 per unit on account. The company uses the perpetual inventory system and the last-in, first-out (LIFO) inventory costing system. The beginning inventory included 200 units at $9 per unit. The most recent purchases include 700 units at $12 per unit. The sale occurred after the last purchase.
a. Prepare the journal entries to record the sale. Omit explanations. b. Compute the cost of the ending inventory. Label your work.
A person may be liable under Section 16(b) of the 1934 Act if he or she was an officer or director at the time of:
a. the purchase. b. the sale. c. both the purchase and the sale. d. either the purchase or the sale.
Verbal comments that happen to be of a sexual nature do not constitute sexual harassment because it is speech protected by the First Amendment
a. True b. False Indicate whether the statement is true or false
A use case is a complete sequence of related actions initiated by an actor; it represents a specific way to use the system
Indicate whether the statement is true or false