Making and Collecting Loans and Disposing of Property, Plant, and Equipment

question 55

Multiple Choice

Making and collecting loans and disposing of property, plant, and equipment are

• A) operating activities.
• B) investing activities.
• C) financing activities.
• D) liquidity activities.

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Definitions:

National Debt

The total amount of money that a country's government has borrowed, by various means.

Greenbacks

Paper currency issued by the United States during the Civil War, not backed by gold or silver but by the government's credibility.

Civil Service Act

Legislation that established the principle of federal employment on the basis of open, competitive exams and created a professional civil service.

Political Influence

The ability to sway or alter the decisions, actions, or policies of governmental bodies, politicians, or political outcomes.