The major function of the World Bank is to serve as
A. an investment in funds in global businesses to create value for its shareholders.
B. a nonprofit banking cooperative for its members to meet development needs.
C. a central bank for the world's central bankers.
D. a nonprofit cooperative to finance the educational needs of its members.
Answer: B
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Economic theory suggests that rational customers will collect information only to the point at which:
A) the marginal benefit of obtaining the information in terms of incremental value to making a choice equals the marginal cost. B) the total benefit of obtaining the information equals the total cost after purchasing the product. C) they can no longer pay for syndicated information. D) the marginal benefit of obtaining the information in terms of incremental value to making a choice is less than the marginal cost.
Which of the following is an example of an accrual?
a. Bookkeeping fees collected but not yet earned b. Six months' rent paid in advance c. Interest earned but not yet received d. Equipment purchased for use in the business
The following T-accounts are from the ledger of Hill Company. Hill uses the periodic inventory system.Purchases6,000 Accounts Payable 6,000 Which of the following is true about Hill Company?
A. The accounts indicate that Hill returned $6,000 of merchandise to a supplier. B. When merchandise is sold, the Purchases account will be credited for cost of goods sold. C. The balance in the purchases account will appear on the balance sheet at year end. D. The T-accounts indicate that Hill purchased inventory on account.
The formal written agreement for issuing bonds is called a bond:
a. redemption. b. debenture. c. series agreement. d. premium. e. indenture.