Answer:
C) Debit Expenditures $90,000; Credit Other Financing Sources $90,000
Explanation:
A General fund can be defined as the primary fund which are often used by a government entity and they are used to help record all inflows and outflows of resources that are not associated with funds which are for special purpose.
Therefore ,the entry in the General Fund at the date of acquisition will be :
Debit Expenditures $90,000
Credit Other Financing Sources $90,000
Reason been that the acquisition of the new school bus was been financed by signing a note for $90,000 in which the $90,000 is an expenditure which was debited while Other Financing Sources of $90,000 was been credited.
Answer:
d. decrease, and U.S. net capital outflow decreases.
Explanation:
net exports = total exports - total imports
in this case, imports increase, so net exports will decrease
The net capital outflow represents the money being invested in a country. If foreign investors invest in the US economy then the net capital outflow will increase. But if US investors invest in foreign economies, the net capital outflow will decrease. In this case, the US company paid the foreign company in US dollars, therefore, the foreign company now has a US asset (US dollars).
The Federal Reserve or also known as the Fed, serves as the bank of the United States, and therefore, it is responsible for any financial transaction that occurs within the economy of the United States. So, in the given statements above, I can say that the roles that Fed plays are the following: regulate the banking industry, and transfers any profits to the Treasury.
Answer: The correct answer is "a. the bulk of the public debt is owned by U.S. citizens and institutions.".
Explanation: To say that "the U.S. public debt is mostly held internally" is to say that:<u> the bulk of the public debt is owned by U.S. citizens and institutions.</u>
