List the Four Financial Statements and Briefly Explain How Each

question 76

Essay

List the four financial statements and briefly explain how each is prepared.
$$\begin{array} { | l | l | } \hline \text { Financial statement } & \text { How it is prepared } \\\hline 1 . & \\\\\\\hline 2 . & \\\\\\\hline 4 . & \\\\\\\hline\end{array}$$

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Definitions:

Federal Open Market Committee

The branch of the Federal Reserve System responsible for setting national monetary policy and interest rates.

Reserve Requirement

The minimum amount of deposits that a bank must hold in reserve and not lend out, which is set by the central bank as a means to control the money supply.

Open-Market Sales

Transactions where central banks sell securities in the open market to control the supply of money.

Treasury Securities

Debt instruments issued by the government to finance its expenditures, including bills, notes, and bonds.