In the real-world banking system,a bank can eliminate a reserve deficiency by

A) borrowing in the Federal funds market.
B) borrowing from the Fed's discount window.
C) selling securities.
D) Any one of the choices or some combination is possible.

If demand in a perfectly competitive market increases, then an individual firm in that industry will see its profits fall.

Steven is a manufacturer's representative for Incell Corporation. One day he receives a big-screen television as a gift from one of the clients he contacts on behalf of Incell.

A) Steven must account to Incell for the gift he has received.
B) The big-screen television belongs to Incell rather than to Steven.
C) If he keeps the TV without telling Incell, he will have breached his fiduciary duty.
D) All of these are correct.

Maisley Company decided to analyze certain costs for June of the current year. Units started into production equaled 28000 and ending work in process equaled 4000. With no beginning work in process inventory how much is the conversion cost per unit if ending work in process was 25% complete and total conversion costs equaled $140000?

A) $4.40.
B) $5.00.
C) $5.60.
D) $2.80.

Transformational leadership ______.

A) tells leaders how to act
B) tells followers how to act
C) gives four specific actions leaders should use in multiple situations
D) provides a general way of thinking about leadership, including follower needs

When Malik shipped his goods he shipped it as "FAS." This shipping term stands for what?

A) Free as Shipped
B) Fee as Selected
C) Formal and Select
D) Free Alongside
E) Founder and Stamped