Which of the following is approximately true when size is measured in terms of the underlying principal amounts or value of the underlying assets
A. The exchange-traded market is twice as big as the over-the-counter market.
B. The over-the-counter market is twice as big as the exchange-traded market.
C. The exchange-traded market is ten times as big as the over-the-counter market.
D. The over-the-counter market is ten times as big as the exchange-traded market.
D
The OTC market is about $600 trillion whereas the exchange-traded market is about $60 trillion.
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Answer the following statements true (T) or false (F)
1.For most nations, the ratio of imports to total purchases in the public sector is much higher than in the private sector. 2.According to the U.S. Buy American Act, federal government agencies cannot purchase materials and products from U.S. suppliers if their prices are higher than those of foreign competitors. 3.For the United States, the Buy American Act has tended to increase consumer surplus for U.S. buyers of protected merchandise. 4.An effective Buy American law would tend to increase U.S. producer surplus at the expense of U.S. consumer surplus. 5.An effective Buy American law results in deadweight welfare losses for the United States in the form of the protective effect and consumption effect.
At which point is supervision most critical in the cash receipts system?
a. accounts receivable b. general ledger c. mail room d. cash receipts
To determine the payables turnover, one first calculates the days' payable
Indicate whether the statement is true or false
As a business grows or evolves it is necessary for the accounting system to
A) stay the same according to the consistency principle. B) completely change computerized accounting systems and simplify to a manual system. C) completely change all manual accounting systems to one that is computerized. D) adapt or modify to meet the specific needs of the business.