Which of the Following Is in Charge of the Buying

question 67

Multiple Choice

Which of the following is in charge of the buying and selling of government securities by the Fed?

• A)The president.
• B)The Federal Open Market Committee.
• C)The Congress.
• D)None of these.

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.

Estimated Future Returns

Projections or forecasts about the potential gains or incomes from investments over a future period.

Sales Discounts

A reduction in the price of goods or services offered to customers, usually to prompt early payment or reward bulk purchases.

Gross Price Method

Gross Price Method involves recording inventory at its gross price, before deducting any trade discounts or rebates.