Discount Loans Made as Lender of Last Resort Are _

question 82

Multiple Choice

Discount loans made as lender of last resort are _, while rescue loans made by the Federal Reserve during the financial crisis of 2007-2009 were _.

• A)risky loans to prevent illiquidity; riskless loans to prevent insolvency
• B)riskless loans made to solvent institutions; risky loans to prevent failure
• C)risky loans made to insolvent institutions; riskless loans to prevent failure
• D)riskless loans to prevent insolvency; risky loans to solvent institutions

Calculate contribution to overhead and profitability ratios.

Comprehend information useful for evaluating the profitability or cost-effectiveness of departmental activities.

Allocate indirect expenses across departments based on various drivers (floor space, ad spots, sales).

Understand responsibility accounting and the creation of performance reports for department managers.

---

Definitions:

Federal Law

Federal law consists of rules and regulations that are enacted by the national government and applicable throughout the country.

Placement Site

The specific location where an individual is assigned to work, study, or perform duties as part of a program or job.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, guiding its decisions and actions.

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.