International Accounting Rules Are Currently Established by the

question 153

Multiple Choice

International accounting rules are currently established by the

• A)IASC.
• B)IASB.
• C)FASB.
• D)PCAOB.

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Definitions:

Interest Rate

The fraction of the borrowed amount a borrower needs to pay as interest to the lender.

Savings Account

A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.

Behavioral Economic Explanation

An interpretation derived from behavioral economics, focusing on psychological, social, and cognitive factors affecting economic decisions.

Macroeconomics

The branch of economics that studies how the aggregate economy behaves, focusing on indicators like GDP, unemployment rates, and inflation.