During What Has Become Known as the Great Recession,the Fed

question 26

Multiple Choice

During what has become known as the Great Recession,the Fed began to purchase the assets of member banks.This new monetary control mechanism used by the Fed was known as

• A)subprime borrowing.
• B)the Greenspan Plan.
• C)quantitative easing.
• D)hyper inflation.
• E)too big to fail.

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Definitions:

Loss Carryforward

A tax provision that allows a company to use its current year's losses to reduce future taxable income.

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.

Interim Financial Statements

Financial reports prepared and presented for periods shorter than a fiscal year, such as quarterly or half-yearly, to provide timely information to decision-makers.

Interim Financial Reports

Financial statements that are reported on a less than annual basis, typically quarterly, to provide a continuous view of a company's financial health.