When the Federal Reserve increases the interest rate it charges banks to borrow reserves, it is
controlling the money supply by using which of the following tools?
A) reserve requirements ratio
B) open market operations
C) discount rate
D) risk
E) unable to tell with the information provided
C
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Tawney Manufacturing approached Worldwide Lenders for a loan of $50,000 to purchase vital components it used in its manufacturing process. Worldwide decided to grant the loan but only if Tawney would agree to a field warehousing arrangement. Pursuant to their understanding, Worldwide paid for the purchase of the components, took a negotiable bill of lading for them, and surrendered the bill of lading in exchange for negotiable warehouse receipts issued by the bonded warehouse company that had established a field warehouse in Tawney's storage facility. Worldwide did not file a financing statement. Under the circumstances, Worldwide
A. Has a security interest in the goods which has attached and is perfected. B. Does not have a security interest which has attached since Tawney has not signed a security agreement. C. Must file an executed financing statement in order to perfect its security interest. D. Must not relinquish control over any of the components to Tawney for whatever purpose, unless it is paid in cash for those released.
The built-in, fold-down child seats such as those found in Chrysler minivans are an example of a ________
A) dynamically continuous innovation B) nonradical innovation C) competitive innovation D) continuous innovation E) discontinuous innovation