Which of the Following Entities Has Been Delegated a Substantial

question 17

Multiple Choice

Which of the following entities has been delegated a substantial amount of authority in order to adjust the prime interest rate in response to economic conditions to encourage investments and ward off inflation?​

• A) ​​the Occupational Safety and Health Administration
• B) ​the Environmental Protection Agency
• C) ​the Federal Reserve
• D) ​the Treasury
• E) ​NASA

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Definitions:

Journal Entries

The recordation of financial transactions in an accounting system.

After-tax Earnings

The net income a company generates after all taxes have been deducted from gross earnings.

Physical Reductions

Decreases in the quantity or physical state of assets, often associated with inventory or fixed assets through use, wear, and tear.

FIFO Costing

FIFO Costing, or First-In, First-Out costing, is an inventory valuation method where goods first purchased or produced are the first ones sold.