Answer:
b. The Federal Reserve was established by the U.S. Constitution in the late 1700s. FALSE.
There is no mention of the Federal Reserve or an institution like it in the Constitution which is why establishing a national bank faced so much opposition for years until the Federal Reserve Structure was put in place.
c. The national objectives of the Federal Reserve include promoting economic growth, full employment, stable prices, and moderate interest rates. TRUE
The Fed aims to improve the economy of the United States by bringing about growth, full employment and stable prices as well as moderate interest rates.
d. All Federal Reserve actions are subject to veto by the executive branch. FALSE.
The FED is independent of the Executive branch which means that it is not subject to vetos from it. They do however work together to ensure economic stability.
e. The Federal Reserve determines monetary policy in the United States. TRUE.
As the central banking system of the United States, the Fed determines the monetary policy of the U.S.
f. The Federal Reserve was created by the Federal Reserve Act of 1913. TRUE.
The Federal Reserve was created by an Act of Congress called the Federal Reserve Act in 1913 whereupon it was signed into law by President Woodrow Wilson.
Assests - Item owned that could be sold for cash.
Goal - Target or Result which is desired.
Liabilities- Money owed.
Long term Goal -A desired result that maybe attained in more than a year.
Net worth- The amount you've minus the amount you owe
Short term Goal -A desired result that maybe attained in less than a year.
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The amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
<h3>
What is a balance sheet?</h3>
- A balance sheet also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization.
- As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status."
- The balance sheet is the only one of the four fundamental financial statements that only apply at one particular period in a company's fiscal year.
<h3>Solution -</h3>
Deposits outstanding = $3,050 (+)
actual amount on check my Money corporation = $95 (+)
Service fees = $170 (-)
∴ 
So, the amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
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Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
