Discount loans to healthy banks, who may borrow as much as they wish from the Fed, are called
A) primary credit.
B) secondary credit.
C) seasonal credit.
D) lender-of-last-resort credit.
A
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Which of the following best describes how external auditors' interactions with their clients is likely to change due to the use of data analytics in the audit process?
A. External auditors will spend less time on audits and will not need to spend time with clients outside the audit. B. External auditors will spend more time on detailed audit tasks, resulting in longer audit engagements. C. External auditors will stay engaged with clients beyond the audit. D. External auditors will only interact with their clients virtually.
Judd Corporation has a weighted average cost of capital of 10.25%, and its value of operations is $57.50 million. Free cash flow is expected to grow at a constant rate of 6.00% per year. What is the expected year-end free cash flow, FCF1 in millions?
A. $2.20 B. $2.44 C. $2.69 D. $2.96 E. $3.25
Glover, Inc. had $350,000 of taxable income, all of which was personal holding company income. The corporation paid a dividend of $350,000 in November. The corporation will owe a personal holding company tax for the year.
Answer the following statement true (T) or false (F)
An adjusting entry is completed ________
A) at the beginning of the accounting period B) at the end of the accounting period C) when the balance sheet is prepared D) when accounts need to be balanced in the ledger