Which of the Following Are Not Liabilities on the Fed's

question 180

Multiple Choice

Which of the following are not liabilities on the Fed's balance sheet?

• A) Discount loans
• B) Bank deposits
• C) Deferred availability cash items
• D) U.S. Treasury deposits

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Definitions:

Direct Labour Cost

The wages and other remunerations paid to employees directly involved in the manufacturing or production process.

Machine Hours

A measure of the total time that a machine is operated during a certain period, often used for allocating machine-related overheads.

Manufacturing Overhead Applied

The allocation of estimated manufacturing overhead costs to individual products or job orders based on a predetermined overhead rate.

Sales Salaries Expense

The total cost incurred for salaries, wages, and commissions paid to sales personnel, reflecting a company's investment in its sales force.