Choose the Word or Phrase in [ ] Which Will

question 164

Multiple Choice

Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Interest rates will be lower on your [savings | checking] accounts.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Operating

Related to the day-to-day functions and tasks involved in running a business or an organization.

Investing

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Financing Sections

Parts of financial statements or reports that detail how a company finances its operations, typically including borrowing, repaying debt, and issuing equity.

Indirect Method

A way of calculating cash flows for the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.