On the Fed's Balance Sheet, a Deferred Availability Cash Item

question 59

Multiple Choice

On the Fed's balance sheet, a deferred availability cash item

• A)represents funds not yet collected by the Fed from banks against which checks have been drawn.
• B)is an asset.
• C)is a liability.
• D)represents taxes due to the Federal government but not yet collected.

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Definitions:

Cumulative Voting

A voting system that allows shareholders to allocate all of their votes to one candidate or spread them among multiple candidates during board elections.

Board of Directors

A group of individuals elected to represent shareholders and oversee the major decisions and policies of a corporation.

Straight Voting

A method in corporate elections where a shareholder can cast all of their votes for a single candidate for the board of directors.

Board of Directors

A group of elected individuals representing shareholders, responsible for overseeing the activities and strategic direction of a company.