Answers: hire a full-time accountant. use a public accounting firm. understand and use accounting information. make certain that you do not spend too much time on your accounting system. Question 5 1 out of 1 points The banking panic of 1907 and the resulting cash shortage led to the formation of the: Selected Answer: Federal Reserve System. Answers: Federal Reserve System. Comptroller of the Currency. gold standard for currency, and the establishment of a gold repository at Fort Knox. FDIC. Question 6 1 out of 1 points The ______ category of money supply includes money that is quickly and easily accessed.
Selected Answer: M-1 Answers: e- cash M-3 M-2 M-1 Question 7 1 out of 1 points A(n) ___________ is an evaluation and unbiased opinion of the accuracy of a firm's financial statements. Selected Answer: independent audit Answers: internal audit annual report independent audit certified audit Question 8 1 out of 1 points The board of governors of the Federal Reserve System determines: Selected Answer: U.S. monetary policy. Answers: exchange rates. U.S. monetary policy. inflows and outflows of gold reserves to ensure a stable money supply.
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