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

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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.

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