The federal funds rate is the interest rate the Fed charges on lending to banks.

a. true
b. false

Answer: b. false

Business

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As the amount of misstatements that the auditor believes to be material increases, the auditor is more likely to

A. Change to a larger sample size. B. Use a more effective procedure. C. Direct tests toward independent parties outside the entity. D. Perform tests at interim dates.

Business

Commonly used multiples for determining a stock's value include I. price to earnings. II. price to sales. III. price to cash flow. IV. price to dividends

A) I, II and III only B) I, III and IV only C) II, III and IV only D) I, II, III and IV

Business