Inflation Targeting Was Initiated by Which Central Bank in 1989

question 30

Multiple Choice

Inflation targeting was initiated by which central bank in 1989?

• A) U.S.
• B) Japan
• C) Canada
• D) New Zealand
• E) U.K.

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Definitions:

Prepaid Rent

An expense recorded before it is actually paid, representing rent payments made in advance of the period to which they relate.

Adjusting Entries

Final journal recordings at the close of an accounting spell to assign revenues and expenditures to the factual period of occurrence.

Supplies

Materials and goods used in the operation of a business, often consumable and regularly replaced.

Prepaid Insurance

An asset account that represents insurance payments made in advance for coverage that extends over a future period.