One of the Fed's roles is to clear checks between different banks

Indicate whether the statement is true or false.

Answer: TRUE
Explanation: It is the role of the Fed to clear checks between different banks.

Business

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Annual depreciation on equipment, recorded on a monthly basis.

a. Prepaid expense b. Accrued expense c. Unearned revenue d. Accrued revenue e. None of these

Business

The cardinalities of an attribute operate only between the attribute and the container of the attribute

Indicate whether the statement is true or false

Business