A buyer wishing to recover losses caused by a listing agent's negligent failure to disclose known material defects has ________________ to pursue their losses.
a. one month
b. six months
c. one year
d. two years
Answer: d. two years
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Because sterilized interventions mean offsetting open market operations, there is no impact on the monetary base and the money supply, and therefore a sterilized intervention
A) causes the exchange rate to overshoot in the short run. B) causes the exchange rate to undershoot in the short run. C) causes the exchange rate to depreciate in the short run, but has no effect on the exchange rate in the long run. D) has no effect on the exchange rate.
A city ordered uniforms with an expected cost of $6,000 for policemen. This amount is encumbered. The uniforms are received with an invoice of $5,900 . The entries to record the receipt of the uniforms should include a credit to
A. Encumbrances of $6,000. B. Encumbrances Outstanding of $6,000. C. Encumbrances of $5,900. D. Appropriations of $100.