Which of the Following Organizations Would Be Most Likely to Use

question 151

Multiple Choice

Which of the following organizations would be most likely to use a job-order costing system?

• A)the loan department of a bank
• B)the check clearing department of a bank
• C)a manufacturer of processed cheese food
• D)a manufacturer of video cassette tapes

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Definitions:

Reserve Ratio

The fraction of deposits that a bank must hold in reserve and not lend out, as required by monetary authorities.

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a requirement determined by the central bank.

Money Multiplier

The mechanism by which the base money supply is expanded through the banking system's ability to lend and create deposits.

Reserve Ratio

The portion of depositors' balances that banks must have on hand as cash.