Which of the Following Statements Is True

question 73

Multiple Choice

Which of the following statements is true?

• A)Bank accepted bills classify as purchased liquidity.
• B)Loans to short-term money market dealers classify as purchased liquidity.
• C)Securities sold under agreements to repurchase classify as stored liquidity.
• D)Certificates of deposits classify as stored liquidity.

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Definitions:

Machine-Hours

Machine-hours are a measure of the amount of time a machine is operated, used in allocating manufacturing overhead based on usage.

Direct Labor-Hours

The number of labor hours spent by employees directly working on the production of goods or services.

Casting

A manufacturing process where a liquid material is poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify.

Assembly

The phase in manufacturing where components are put together to form a final product.