If only two liability accounts are affected by a transaction, the balance of one account must be increased and the balance of the other decreased in recording this transaction. a. True
b. False

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.

Each state’s organizational structure is guided by the federal government. true or false?