In general, banks would prefer to meet deposit outflows by ________ rather than ________
A) selling loans; selling securities
B) selling loans; borrowing from the Fed
C) borrowing from the Fed; selling loans
D) "calling in" loans; selling securities
C
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On November 1, 2018, Cleveland Services issued $305,000 of five-year bonds with a stated rate of 12%. The bonds were issued at par, and Cleveland makes semiannual payments on April 30 and October 31. On December 31, 2018, Cleveland made an adjusting entry to accrue interest at year-end. No further entries were made until April 30, 2019, when the first payment was made. What amount of interest expense was recorded for the period of January 1 to April 30, 2019? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $12,200 B) $36,600 C) $18,300 D) $29,280
Static budgets are prepared on quarterly basis and require frequent change during the annual budget period
Indicate whether the statement is true or false
Preparing a departmental operating expense summary is the first step to preparing a departmental income statement that reports the operating income or loss of each department
Indicate whether the statement is true or false
All of the following are payment methods for personal selling EXCEPT
A. combination plan. B. profit-sharing. C. straight commission. D. tax deductions. E. straight salary.