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What was the purpose of establishing the FederalReserve? Do you think the Federal Reserve fulfills that purpose?Explain.

What are the different bases of accounting? When wouldyou use the cash basis? Accrual basis? Tax basis? Which one isbetter? Why?

What are the differences between financialand managerial accounting? Why does financial accounting have tocomply with GAAP but managerial doesnt? What types of decisionscan be made using […]

How are the financial statements related? Why do theserelationships exist? What is the impact of a miscalculation in theincome statement on other financial statements?

If you have an opportunity to invest yourretirement money on your own would you invest a large amount ofthat money in the money market stock market […]

What are the financial statements? What does each onetell you? Which financial statement is more important?Why?

Foreign stocks may present a risk. Explain those risksin terms of exchange versus country or sovereign risk. Do youbelieve foreign markets are more stable than domestic […]

Why are junk bonds perceived as offering high returnswith high risk? Which of the numerous risks associated with bondsis the most tolerable in your opinion? Explain […]

Describe an interest rate risk you face in yourpersonal life. How is it different from a credit risk? Which iseasier to manage? Explain your answer.