What Actions Should Be Taken Under the Internal-External Imbalance of Inflation

question 54

Multiple Choice

What actions should be taken under the internal-external imbalance of inflation and surplus?

• A)Expansionary fiscal policy to correct for excess surplus,and expansionary monetary policy to correct for inflation
• B)Expansionary fiscal policy to correct for inflation,and contractionary monetary policy to correct for surplus
• C)Contractionary fiscal policy to correct for inflation,and expansionary monetary policy to correct for surplus
• D)Contractionary fiscal policy to correct for excess surplus,and contractionary monetary policy to correct for inflation

Apply accounting principles to prepare a bank reconciliation statement.

Analyze the effects of various transactions on the bank and book balances.

Determine the adjusted bank balance and book balance after considering various adjustments.

Understand the concept of electronic funds transfer (EFT) and its importance.

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Definitions:

Credit Sales

Sales made on credit, where the buyer purchases goods or services but payment is delayed according to terms agreed by both parties.

Operating Revenues

Revenues generated from a company's primary business activities.

Assets

Resources owned by a business that have economic value and are expected to provide future benefit.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back in the future.