The General Ledger System Represents the Primary Data Base in the AIS

question 5

True/False

The General Ledger system represents the primary data base in the AIS.

---

Definitions:

Federal Reserve Bank

The central banking system of the United States, responsible for monetary policy, regulation of the banking industry, and maintaining stability of the financial system.

Money Supply

The full total of economic financial assets available at a certain moment in an economy.

Federal Open Market Committees

A branch of the Federal Reserve that oversees the nation's open market operations and sets the federal funds rate, influencing the economy.

Monetary Policy

Actions undertaken by a central bank, such as modifying interest rates, to control the money supply and achieve economic objectives.