If Float Is Predicted to Decrease Because of Unseasonably Good

question 66

Multiple Choice

If float is predicted to decrease because of unseasonably good weather,the manager of the trading desk at the Federal Reserve Bank of New York will likely conduct a ________ open market ________ of securities.

• A)defensive;sale
• B)defensive;purchase
• C)dynamic;sale
• D)dynamic;purchase

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Definitions:

General Journal

A ledger in accounting that records all day-to-day financial transactions of a company.

Accounts Receivable

Funds due to a company from its clients for products or services provided on credit.

Customer Payments

The amounts of money received from customers in exchange for goods or services provided by a company.

Services Provided

Tasks or activities done for others, typically in exchange for payment.