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ivolga24 [154]
4 years ago
12

Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United

States. B. It proposes bills to Congress on monetary policy. C. It safeguards the U.S. reserves of gold bullion. D. It controls the supply of money in the United States.
Business
2 answers:
kumpel [21]4 years ago
6 0
The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally. 
vovikov84 [41]4 years ago
3 0

The answer is: It controls the supply of money in the United States.

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Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service
defon

Answer:

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

Cr Sales Revenue $1,846

Oct 15

Dr Cash $400

Dr Unearned Service Revenue $554

Cr Service Revenue $554

Cr Accounts Receivable $400

Explanation:

Preparation of the journal entries for Geraths in 2020.

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

($2400-$2000)

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

($600/$600+$2000*$2400)

Cr Sales Revenue $1,846

($2,000/$600+$2000*$2400)

Oct 15

Dr Cash $400

($2400-$2000)

Dr Unearned Service Revenue $554

Cr Service Revenue $554

($600/$600+$2000*$2400)

Cr Accounts Receivable $400

($2400-$2000)

5 0
3 years ago
Suppose that on March 16, 2019, a marble statue handmade in Canada is priced at CAD 1,700. The approximate U.S. dollar price of
Tamiku [17]

Answer: $1,443.81

Explanation:

The exchange rate is CAD 1 = US$0.8493

If a statue is priced at CAD 1,700, in American dollars it would be:

= Canadian dollar * Exchange rate

= 1,700 * 0.8493

= $1,443.81

7 0
3 years ago
"A representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dess
Drupady [299]

Answer:

Public appearance.

Explanation:

In this scenario, a representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as public appearance.

According to Financial Industry Regulatory Authority (FINRA), a public appearance can be defined as an unscripted, spontaneous live presentation to a group of people comprising of potential investors. A public appearance do not require a principal approval and are not bonded by the FINRA rules and regulations.

8 0
3 years ago
Which of the following is a good example of inflation? OA. You get a flat tire on your car. OB. You work three jobs in order to
artcher [175]

Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50

Explanation:

8 0
3 years ago
Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu
Vikentia [17]

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

                      = 15.64%

Therefore, The rate of return on the fund is 15.64%

3 0
3 years ago
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