One of the Fed's roles is to clear checks between different banks
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: It is the role of the Fed to clear checks between different banks.
You might also like to view...
What should the opening of a request for recommendation do?
A) Contain a sincere apology for the trouble caused B) Clearly state why the recommendation is required C) Include an offer to pay for the service rendered D) Include the full name and address of the person to whom the letter should be sent E) Contain a neutral buffer statement or statements
Firms may not include all income taxes for a period on the line for income tax expense in the income statement. Other places that income tax expenses may occur include all of the following except:
a. Discontinued Operations b. Extraordinary Items c. Other Comprehensive Income d. Common Stock
The portion of a group purchase of land and building for $1,302,000 allocated to land, when the land is appraised at $340,000 and the building on the land is appraised at $1,020,000, is
A) $996,500. B) $325,500. C) $345,500. D) $976,500.
Charlie's Hotdog Stand Charlie's Hotdog Stand sells hotdogs for $2.50 each. The variable costs per hotdog are $.50. Charlie's fixed costs are currently $800 per month. Charlie is considering expanding his business to three hotdog stands which will increase fixed costs per month by $1,200. Refer to the Charlie's Hotdog Stand information above. If Charlie does expand his business to three stands,
how many additional hotdogs will need to be sold per month in order to break even? A) 1,000 hotdogs B) 600 hotdogs C) 200 hotdogs D) 480 hotdogs