Most of the Fed's Liabilities Are in the Form Of

question 69

Multiple Choice

Most of the Fed's liabilities are in the form of:

• A)Federal Reserve notes.
• B)checkable deposits.
• C)U.S.Treasury deposits.
• D)loans to member banks.
• E)certificates of deposit.

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Definitions:

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) and used by companies outside of the United States.

LIFO

Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.

Link-Chain Method

A statistical method used for adjusting economic or financial time series data for the effects of inflation or other external factors to show real changes over time.