If the Fed Uses the Federal Funds Rate as an Interest

question 43

Multiple Choice

If the Fed uses the federal funds rate as an interest rate target,an increase in the demand for reserves will result in a(n) ________ in ________.

• A) increase; nonborrowed reserves
• B) decrease; nonborrowed reserves
• C) increase; the federal funds interest rate
• D) decrease; the federal funds interest rate

Recognize differences between gross pay, net pay, and taxable earnings.

Comprehend the calculation of interest on notes payable.

Understand the employer's payroll tax liabilities and the related accounting entries.

Distinguish between the information contained in a payroll register and an employee’s earnings record.

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Definitions:

Organizational Leaders

Individuals in an organization who are responsible for setting strategic goals, influencing others, and guiding an organization towards achieving its objectives.

Ethical Audits

The process of evaluating a organization’s operations, procedures, and code of conduct to ensure they comply with moral, ethical, and social standards.

Conchoidal Fracture

A fracture in rock that has an irregular or smoothly curving surface.

Cleavage

The tendency of a mineral to break along flat, smooth surfaces according to its crystalline structure.