The 12 Federal Reserve banks are involved in monetary policy in which of the following ways?
A) Their directors establish the discount rate.
B) They decide which banks can obtain discount loans from the Federal Reserve Bank.
C) Their directors select one commercial banker from each bank's district to serve on the Federal Advisory Council.
D) all of the above.
D
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When a U.S. company conducts business in another country, it needs to comply only with applicable U.S. laws.
Indicate whether the statement is true or false.
Which of the following poses an internal control problem?
A) Physical inspection of inventory quantity and condition is outsourced to a firm that specializes in this service. B) Products are released from inventory after a warehouse employee and a shipping clerk both sign the pick list. C) Sales representatives have authority to increase customers' credit limits in $1,000 increments. D) When customer payments are received in the mail, checks are sent to the cashier's office and remittance advices are sent to the accounts receivable department.