How Often Does the Humphrey-Hawkins Act of 1978 Require the Fed

question 33

Multiple Choice

How often does the Humphrey-Hawkins Act of 1978 require the Fed to report to Congress?

• A)reporting to Congress is not a requirement of the act
• B)at the end of every quarter (March, June, September, and December)
• C)two times a year (February and July)
• D)annually (in June)

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Definitions:

External Financing Need

The requirement for funds that a company must fulfill through external sources, like equity or debt, to finance its operations beyond what it can fund through its internal cash flow.

Full Capacity

The maximum level of output that a company can sustain over a long period without increasing its fixed costs.

Capital Intensity Ratio

A financial metric that measures the amount of capital needed per unit of output or the capital required to generate a dollar of revenue.

Operating Capacity

The maximum output that a company can produce under normal conditions.