8. If the price/value of an asset such as a bond includes accrued interest, we are most likely describing

a. a clean price

b a dirty price

c. book value

d an asset identified as "available for sale"

10. After the most recent Federal Reserve Bank Open Market Committee meeting (day of announcement) a The FOMC decided to raise the Federal Funds Rate and signal further aggressive rate hikes b The FOMC decided to leave the Federal Funds Rate unchanged c The FOMC decided to lower the Federal Funds Rate d The FOMC released the Employment Situation report, and the markets were shocked

12. A firm has net sales of $8,500,000, Cost of Goods Sold $4,850,000, Depreciation Expense of $300,000, Selling and Administrative Expenses of $750,000, Interest Expense of $500,000, and an average tax rate of 20%.

The firm's Net Income is? a. 402,350 b. 502,000 c. 904,000 d 1,680,000

17. This course examines financial statements for the perspective of all parties listed except a. investment analysts b. stockholders and directors c. creditors and suppliers d customers and strategic partners e all af the above

19. The previous or former Chairperson of the Federal Reserve Bank was a. Jerome Powell b. Andrew Bailey c. Christine LaGarde d Loretta Mester e Janet Yellen