Statement I.The FDIC is now part of the Federal Reserve.
Statement II.The savings and loan crisis developed in the 1980s because the FDIC was much more lax about supervising the savings and loan associations than the commercial banks.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Bill submits a time card for a non-existent employee.The employer issues the payroll check.Bill forges the indorsement and negotiates the check to Ted.Which of the following statements is true?

A) The loss from the forged check is borne by the holder in due course.
B) The check cannot be negotiated as it carries the signature of a non-existent person.
C) The employer has the right to refuse payment to Ted.
D) Ted submits the check to the employer and receives the face amount.

List the members of the human resources (HR) triad.

Assume that three identical units of merchandise were purchased during October, as follows: Assume one unit is sold on October 31 for $28. Determine cost of goods sold, gross profit, and ending inventory under the average cost method.

The intention to accept an offer must be a present intent to contract on the part of the offeree.

A foreign bond is identical to domestic bonds except that it is issued by a foreign firm or government.