Critical Thinking Questions Case 2-1 Leo, Owner of Leo's Bread

question 47

Multiple Choice

Critical Thinking Questions Case 2-1 Leo, owner of Leo's Bread Company, recently installed Excel 2013 and created a new workbook to track sales of different types of bread.He wants to determine which types of bread are the most popular among his customers.He is particularly interested in sales of rye bread, onion rolls, and bagels.Leo has formatted the sales numbers with the Accounting number format.After Leo enters the sales numbers into the cells, he decides he does not want the fixed dollar sign to appear on the far left of the cell, separated by spaces from the actual value.He would prefer that the dollar sign appear immediately to the left of the first digit of the value.To specify a floating dollar sign, which of the following formats should Leo apply?

• A) Comma style
• B) Percent style
• C) Currency style
• D) General number

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Definitions:

Money Supply

The overall amount of available money in an economy, which encompasses cash, coins, and the balances in checking and savings accounts, at a certain moment in time.

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.

Reserve Requirements

Mandatory regulations set by central banks determining the minimum amount of reserves that must be held by commercial banks, ensuring they have enough cash on hand to meet withdrawal demands.

Monetary Policy

The process by which a central bank or monetary authority manages the money supply and interest rates to achieve economic objectives.