The Board of Governors of the Federal Reserve System Determines

question 3

Multiple Choice

The board of governors of the Federal Reserve System determines:

• A)exchange rates.
• B)U.S.monetary policy.
• C)and monitors the inflows and outflows of gold reserves to ensure a stable money supply.
• D)how much money the U.S.will loan to foreign governments.

---

Definitions:

Accounts Payable Turnover

A financial metric that measures the rate at which a company pays off its suppliers.

Days' Sales

A financial metric that measures the average time it takes for a company to turn its inventory into sales.

Receivables

Money owed to a company by its customers from sales or services rendered, recorded as an asset on the balance sheet.

Inventory

The total amount of goods and materials held by a company, intended for sale or production.