Banks that need additional funds to meet the reserve requirements of the Federal Reserve:
A. borrow from the state government of the state where their headquarters are located.
B. borrow from banks with excess reserves.
C. issue treasury bills to investors.
D. decrease the coupon interest rate on the bonds issued to raise funds.
E. exercise the call option on the loans extended to small businesses.
Answer: B
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Which of the following statements is false?
a. The break-even point will increase if fixed cost increase. b. C-V-P analysis cannot be used to determine the activity level needed to achieve a certain amount of profits. c. C-V-P analysis can be used to determine the level of activity needed to achieve a specific before tax profit. d. Managers often want to include taxes in their analysis in order to determine an after tax level of income.
What part of structure does the chain of command reflect?
a. The formal power structure b. The informal power structure c. The organization’s culture d. The change process
Ruth, a minor, charges groceries at Sam's Mini-Mart. Two days later, Ruth disaffirms the purchase. Ruth owes Sam's
A. the reasonable value of the groceries. B. the retail value of the groceries. C. the wholesale value of the groceries. D. nothing.
Regulation S-X presents the rules for preparing all of the following except:
A. management's discussion. B. auditor's report. C. financial statements. D. footnotes.