In Recent Years, the Federal Reserve Has Conducted Policy by Setting

question 207

Multiple Choice

In recent years, the Federal Reserve has conducted policy by setting a target for the

• A)size of the money supply.
• B)growth rate of the money supply.
• C)federal funds rate.
• D)discount rate.

---

Definitions:

Sign Cheques

The action of signing a check as a means of authorizing a bank to transfer funds from the signer's account.

Reconciling Items

Entries that adjust discrepancies between two financial records or accounts, ensuring consistency and accuracy.

Adjusting Journal Entries

Adjusting Journal Entries are made in an accounting system to adjust income and expense accounts so that they reflect the correct values for the accounting period.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement.