When Good Weather Speeds the Check-Clearing Process,float Tends to ________

question 83

Multiple Choice

When good weather speeds the check-clearing process,float tends to ________ causing the Fed to initiate ________ open market ________.

• A)decrease;defensive;sales
• B)decrease;dynamic;sales
• C)decrease;defensive;purchases
• D)increase;dynamic;purchases

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Definitions:

Income from Operations

The profit generated from a company's regular, core business activities, excluding non-operating income and expenses.

Multiple-Step

An income statement format that separates operating revenues and expenses from non-operating activities, providing a detailed view of a company's financial performance.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis rather than continuously.