If the FOMC's Directive Indicates a Change in Monetary Policy

question 56

Multiple Choice

If the FOMC's directive indicates a change in monetary policy, the account manager at the Fed's Open Market Trading Desk must

• A)design dynamic open market operations.
• B)design defensive open market operations.
• C)seek approval of the change from the Secretary of the Treasury.
• D)seek approval of the change from a majority of the presidents of the Federal Reserve district banks.

Understand the relationship between financial statements and the flow of information between them.

Identify the consequences of financial statement issuance for a company.

Comprehend the significance of professional accounting certifications other than CPA.

Understand the basic principles of preparing financial statements and the effects of certain transactions on these statements.

---

Definitions:

Display

To show or make something visible on a screen or visual output device.

Thrown Exception

An object that represents an error or unexpected event that disrupts the normal flow of a program, initiating exception handling procedures.

Disk Drive

A device within a computer that reads and writes data to and from a physical disk, such as a hard drive or floppy disk.

Throws A New Exception

Indicating in a method signature that it may throw an exception, requiring calling code to handle or further declare the exception.