A Complex Computer Program That Tests and Analyzes Designs on the Computer

question 3

Multiple Choice

A complex computer program that tests and analyzes designs on the computer screen is called

• A)Computer-aided design CAD.
• B)Computer-aided design and manufacture CAD/CAM.
• C)Computer-aided engineering CAE.
• D)Computer-aided process planning CAPP.

Understand the basic concepts of journal entries, including compound entries and the debit and credit system.

Define and differentiate between calendar year, accounting period, and fiscal year.

Recognize the proper use and significance of the posting reference column in the ledger.

Prepare and record transactions in journal entries.

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking regulations, to ensure liquidity and stability in the banking system.

Excess Reserves

The surplus of reserves held by banks over and above the regulatory requirements, often indicating caution or a lack of lending opportunities.

Easy Money Policy

A monetary policy strategy aimed at increasing the money supply to stimulate economic growth by lowering interest rates.

American Imports

Goods and services brought into the United States from other countries for sale.