The Federal Reserve Board Has Written a Regulation to Implement

question 287

Multiple Choice

The Federal Reserve Board has written a regulation to implement the Equal Credit Opportunity Act, it is:

• A) Regulation Z
• B) Regulation B
• C) Regulation A
• D) Regulation J
• E) none of the other choices

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Definitions:

Cash Receipts Journal

An accounting journal specifically used to record all receipts of cash, detailing the source of each receipt for a given period.

Record Payment

The process of documenting the payment of a bill or an obligation in the business’s financial records.

Revenue Journal

The revenue journal is a ledger book or digital record in accounting that tracks all incoming earnings or revenue transactions generated by business operations.

Cash Receipts Journal

A specific accounting journal used to record all receipts of cash during a particular period.