In 2008, When the U

question 33

Multiple Choice

In 2008, when the U.S. financial system collapsed, it led to:

• A)very high inflation, and the Federal Reserve followed a strict contractionary monetary policy to bring prices down.
• B)the Federal Reserve lowering the interest rate, and the economy revived as businesses and individuals secured low-interest loans.
• C)a severe cycle of deleveraging and a credit crunch for the economy as a whole.
• D)the Federal Reserve increasing the interest rate, which further destabilized the economy.

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Definitions:

Accounts Receivable

Funds that a business's customers have yet to pay for products or services received from the business.

Accounts Payable

The amounts a company owes to vendors or suppliers for goods or services received that have not yet been paid for.

Business Associate Agreement

An agreement with a company that ensures the company understands the person’s expectations as to what the company will do with the privileged information they will have access to and the consequences of an inappropriate disclosure; establishes guidelines regarding what will occur if an inappropriate disclosure of protected health information occurs.

Charge Slip

A document used in healthcare settings to itemize the services provided to a patient and their associated costs.