Which of the Following Is a Discretionary Factor That Will

question 26

Multiple Choice

Which of the following is a discretionary factor that will decrease a bank's daily reserves held at the Federal Reserve?

• A)Remittances charged
• B)Federal funds purchased
• C)The previous day's immediate cash letter
• D)Currency received from the Federal Reserve
• E)Deficits at the local clearinghouse

Recognize the importance of grammatical correctness in maintaining credibility in business writing.

Construct paragraphs with clear topic sentences and unified structure.

Apply effective methods of paragraph development including cause and effect, comparison or contrast, and classification.

Utilize transitions effectively to connect ideas within and between paragraphs.

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Definitions:

Multiple-Step Income Statement

A form of income statement that contains several sections, subsections, and subtotals.

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock.

Price-Earnings Ratio

A financial ratio that measures a company's current share price relative to its per-share earnings, used to evaluate the relative value of a company's shares in the market.

Partial Income Statement

An income statement that reports revenue, expenses, and net income over a specified period of time but does not include all of the details found in a comprehensive income statement.