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

question 187

Multiple Choice

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

• A) Securities
• B) Discount loans
• C) Cash items in the process of collection
• D) Deferred availability cash items

Recognize the scope of protection offered by business insurance including liabilities and damages.

Interpret and apply the laws governing bailments, including liability limitations and rights of parties involved.

Comprehend the criteria for common carriers and the special liabilities and rights associated with them.

Understand the influence of sociological perspectives on individual behavior and social phenomena.

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Definitions:

Law of Diminishing

Refers to the Law of Diminishing Returns, which states that adding more of one factor of production, while holding others constant, will at some point yield lower per-unit returns.

Marginal Returns

The change in output resulting from a one-unit increase in a particular input, while holding other inputs constant.

Marginal Cost

The rise in overall expenses associated with the production of an extra unit of a product or service.

Average Total Cost

The total cost of production divided by the number of units produced, giving a per unit cost of production.