Which of the Following Is NOT a Primary Tool for Controlling

question 84

Multiple Choice

Which of the following is NOT a primary tool for controlling the money supply?

• A) taxation
• B) reserve requirements
• C) discount rate controls
• D) credit controls
• E) open-market operations

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, representing the wear and tear, or obsolescence of the asset.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for expenses and revenues at the end of an accounting period.

Unadjusted Trial Balance

A listing of all accounts in the general ledger before any adjustments are made for the end of the reporting period.

Vertical Analysis

A financial analysis tool that compares each item in a financial statement to a base figure within the same statement, expressed as a percentage.