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Question - On December 31, Diaz Co. had the following list of accounts.
Additional Resources
Accounts Payable $53,300
Ending Capital $63,500
Accounts Receivable 41,500
Legal Expense 4,200
Advertising Expense 6,800
Prepaid Rent 19,600
Beginning Capital 52,600
Rent Expense 7,500
Cash 47,200
Service Revenue 50,100
Deferred Revenue 7,700
Supplies 16,200
Drawing 16,800
Supplies Expense 3,900
Required - Make a balance sheet on December 31, classifying and ordering all balance sheet accounts in the proper sections.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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