Figure 15-5 -Refer to Figure 15-5.In the Figure Above,the Movement from Point

question 104

Multiple Choice

Figure 15-5
-Refer to Figure 15-5.In the figure above,the movement from point A to point B in the money market would be caused by

• A)an increase in the price level.
• B)a decrease in real GDP.
• C)an open market sale of Treasury securities by the Federal Reserve.
• D)an increase in the required reserve ratio by the Federal Reserve.

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Definitions:

Voucher

Any document that serves as proof of authority to pay cash or issue an electronic funds transfer, but for many businesses is a special form used to record data about a liability and the details of its payment.

Cash Payment

A financial transaction involving the outflow of cash from one party to another as a form of payment.

Internal Control

Methods and protocols established by an organization to guarantee the reliability of financial and accounting data, foster responsibility, and avert deceit.

Record-Keeping Function

The process of maintaining a record of business transactions and financial activities for future reference.