The Members of the Board of Governors of the Fed

question 76

Multiple Choice

The members of the Board of Governors of the Fed are appointed by which of the following?

• A)The President, with the advice and consent of the U.S. Senate
• B)The President, with the advice and consent of Congress
• C)The U.S. Senate, with the advice and consent of Congress
• D)The U.S. Senate, with the advice and consent of the President's Economic Advisory Board

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Definitions:

Working Capital

The gap between what a firm owns in the short term (assets) and what it owes (liabilities), revealing its efficiency in operations and financial stability in the near term.

Accounts Receivable Turnover

A financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating how efficiently it manages credit extended to customers.

Average Sale Period

The average time it takes for a company to complete a sales cycle from the initial contact to the final sale.

Average Sale Period

A financial metric that calculates the average time it takes for a company to sell its inventory, indicating the efficiency of sales and inventory management.