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1 year ago

the fed took action in late 2008 to significantly decrease the federal funds rate. this action is best considered:

1 answer:

5 0

At the end of 2008, the Fed took action to significantly lower the federal funds rate.The best way to describe this action is as offensive.

Quantitative facilitating is a strategy when a national bank endeavors to invigorate the economy by purchasing long haul protections.The Fed wanted to lower the interest rates on 10-year Treasury notes and mortgages.

In response to the Great Recession, what actions did the Federal Reserve take?

To lower interest rates, it bought on the open market.

The Federal Funds Rate—also known as the Federal Funds Target Rate or the Fed Funds Rate—is set by the Federal Open Markets Committee (FOMC) to direct overnight lending among U.S. banks.It is established as a range between two limits.Currently, the federal funds rate is 3.75 percent to 4%.

Learn more about Federal Funds Rate here:

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3 years ago

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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r

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Answer:

Uncollectible account expense $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

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2 years ago

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3 years ago

During December, the production department of a process operations system completed and transferred to finished goods a total of

kati45 [8]

Answer:

$3 per unit

Explanation:

The computation of the direct materials cost per equivalent unit is shown below:

Completed and transferred to finished goods 65,000 units

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Direct material cost incurred $183,000

Total direct material cost $240,500 ($57,500 + $183,000)

ANd, the total units is 80,000 (65,000 + 15,000)

So, the direct material cost per equivalent unit is

= $240,500 ÷ 80,000 units

= $3 per unit

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3 years ago