Which of the Following Is Not Correct

question 50

Multiple Choice

Which of the following is not correct?

• A)The president of the New York Federal Reserve bank is the only Federal Reserve Regional Bank President who gets to vote at every meeting of the Federal Open Market Committee.
• B)The Fed's policy decisions influence the economy's rate of inflation in the short run and the economy's employment and production in the long run.
• C)The Fed's primary monetary policy tool is open-market operations.
• D)All of the above are correct.

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Definitions:

Operating Activities

Transactions and events related to the core business functions, including revenue and expense activities that affect net income on the income statement.

Direct Method

A method for creating the cash flow statement by directly listing the actual cash flows associated with operating activities.

Operating Activities

Business actions that are involved in the day-to-day functions of producing goods, offering services, and other core operations.

Direct Method

A way of allocating service department costs directly to production departments without any consideration for services rendered between service departments.