Bank loans from the Federal Reserve are called ________ and represent a ________ of funds
A) discount loans; use
B) discount loans; source
C) fed funds; use
D) fed funds; source
B
Business
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Which is a debit to the seller on a seller's closing statement?
a. Selling price b. Prepaid taxes c. First trust deed to be assumed by buyer d. All of these
Business
On the balance sheet, short-term debt appears:
A) in the Stockholders' Equity section. B) in the Operating Expenses section. C) in the Current Assets section. D) in the Current Liabilities section.
Business