The United States goes through a period of recession because of the continuous decrease in the nation's gross domestic product. The Fed intervenes and improves the situation by reducing the discount rate. This move by the Fed will result in:
A. banks obtaining funds at a lower cost.
B. a rise in the interest rates of bank loans.
C. individuals getting discouraged to borrow money and spend it.
D. a drop in the availability of loans to consumers.
Answer: A
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People who can claim an organization as their legal property are called
a. owners. b. the board of directors. c. financial institutions. d. customers. e. employees.
The inventory method which results in the prices paid for the earliest purchases being assigned to inventory on hand at the end of the period is:
a. First-in, first-out. b. Last-in, first-out. c. Last-in, last-out. d. Moving average.
If overhead has been overapplied during the period, the adjusting entry could include a credit to the Cost of Goods Sold account
Indicate whether the statement is true or false
Which of the following refers to a probability sample in which the population is divided into mutually exclusive groups (such as blocks), and the researcher draws a sample of the groups to interview?
A) quota sample B) judgment sample C) cluster sample D) stratified random sample E) simple random sample