Entities That Acquire Funds from Savers and Then Lend These

question 302

Multiple Choice

Entities that acquire funds from savers and then lend these funds to borrowers are called

• A) Federal Reserve banks.
• B) Treasury banks.
• C) governmental agencies.
• D) financial intermediaries.

Understand the definition and accounting treatment of salvage value in asset depreciation.

Recognize the process and rationale for asset revaluation and changes in depreciation estimates.

Apply and differentiate various depreciation methods, including straight-line, declining balance, and units-of-production.

Evaluate the efficient use of assets in generating sales through metrics like total asset turnover.

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Definitions:

Equal Protection

Refers to the constitutional guarantee under the Fourteenth Amendment that no state will deny any person within its jurisdiction the equal protection of the laws.

Brown v. Board

A landmark Supreme Court case in 1954 that declared state laws establishing separate public schools for black and white students unconstitutional.

Linda Brown

A key figure in the U.S. civil rights movement, she was the child associated with the landmark Supreme Court case Brown v. Board of Education, which declared racial segregation in public schools unconstitutional.

With All Deliberate Speed

A phrase used in the 1954 Supreme Court decision Brown v. Board of Education, mandating the desegregation of public schools, but allowing it to proceed at a gradual pace.