In a market economy, supply and demand determine both the quantity of each good produced and the price at which it is sold

When a commercial bank borrows directly from the Fed, it pays

A) a zero rate of interest. B) an interest rate called the federal funds rate. C) an interest rate called the discount rate. D) the Fed in a mutually agreed upon quantity of gold reserves in its vaults.

Which of the following is not a conflict of interest in accounting firms?

A) The firm provides consulting as well as rating creditworthiness. B) Auditors may be pressured to skew their opinions so the client will stay with the firm. C) Auditors may be reluctant to criticize advice put into place by nonaudit personnel of the firm. D) Auditors release an overly favorable audit in order to solicit business.