After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies used during the accounting period.
An accounting period, which might be a week, month, or quarter in addition to a calendar or fiscal year, is a time frame that is used to perform specific accounting operations. The accrual method of accounting enables consistent reporting because accounting periods are formed for reporting and analysis reasons.
In bookkeeping, the time frame for which management accounts and financial statements are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly.
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If $2,000,000 of 10% bonds are issued at 97, the amount of cash received from the sale is.
Cash received from the sale of bonds = $2,000,000 × 97% Cash received from the sale of bonds = $1,940,000.
What do you mean by bonds?A bond is a sort of security used in finance where the issuer owes the holder a debt and is required, depending on the terms, to repay the principal and interest on the bond at the maturity date. Interest is often paid at regular intervals.
An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality.
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No entries shall be allowed for district meets which are not submitted to the director on or before the ____ day before the first day of the meet.
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
What is district ?A district is a type of administrative division that is managed by the local government in some countries. Districts vary widely in size around the world, spanning regions or counties, numerous municipalities, subdivisions of municipalities, a school district, or a political district.
A district is defined as a region set apart or put together as a single distinct area for political or administrative purposes. A district is an area of a town that elects a single mayor who is shared by everyone in the area.
A district is a section of a country, city, or town designated by the government for official purposes.
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When the economy fell into a recession in 1957, president eisenhower and congress battled over which budget issues?
When the economy fell into a recession in 1957, president Eisenhower and congress battled over budget issues in which democrats wanted to expand housing, urban development, and public works projects, but Eisenhower refused.
What was the recession in 1957?The Eisenhower Recession, often known as the 1957-58 recession, was a severe worldwide economic depression in 1958. The recession's impact went beyond the borders of the United States to Europe and Canada, leading numerous enterprises to close. It was the most substantial recession during the postwar boom between 1945 and 1970, resulting in a steep economic drop that lasted only eight months. Most of the lost ground had been reclaimed by the time recovery began in May 1958. As 1958 came to a close, the economy was on its way to new highs in employment and output.When the economy entered a slump in 1957, President Eisenhower and Congress clashed over budget concerns, with Democrats wanting to expand housing, urban development, and public works programs while Eisenhower resisted.Therefore, when the economy fell into a recession in 1957, president Eisenhower and congress battled over budget issues in which democrats wanted to expand housing, urban development, and public works projects, but Eisenhower refused.
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The critical functions of special economic zones (sezs) in china’s economic development strategy are to?
The most basic and universal indicator of human development is China's first Special Economic Zone (SEZ) created on the southeast coast.
In China, SEZ usually refers to seven specific zones: Shenzhen, Zhuhai, Shantou, Xiamen, Hainan, Shanghai Pudong New Area and Tianjin New Area. More on this later.
The main objectives of the SEZ program are to create additional economic activity, promote the export of goods and services, promote domestic and foreign investment, create employment opportunities and develop infrastructure facilities.
Seven special economic zones - all located on China's Pacific coast - are currently in operation. Shenzhen borders with Hong Kong. Zhuhai; Shantou; Xiamen; and Hainan Island in the far south. Pudong across the river from Shanghai. New Area adjacent to Tianjin Port.
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A completed voucher is sent to an authorized person who does all of the following except: multiple choice enters information on both the inside and outside of the voucher performs a final review approves the accounts and amounts authorizes recording of the voucher
Option A. A completed voucher is sent to an authorized person who does all of the following except: multiple choice enters information on both the inside and outside of the voucher.
What is a voucher?This is a piece of paper that is usually given to a particular holder. The work of the voucher is that it helps to make the person that is holding it eligible to having a discount on the price of items or for services.
The complete voucher helps to authorize the payment of an item to a person that is the supplier of that item. Hence we can conclude option A.
A completed voucher is sent to an authorized person who does all of the following except: enters information on both the inside and outside of the voucher.
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If all external costs were internalized, then the market's output would be:_____.
a. q1.
b. q3.
c. q2.
d. q4.
If all external costs were internalized, then the market's output would be q4. Reducing externalities is encouraged through internalization through pricing strategies. The objective is to close the gap between individual costs and the collective cost of various journeys. If demand remains constant, price will increase and quantity requested will decrease as external costs are internalized.
The activity that creates external advantage is priced cheap and the quantity sought is too low for it to be efficient when there is external benefit. Requiring producers to include cost of the externalities generated during production of their output in their production costs.
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Identify some business applications in which judgmental forecasting techniques such as historical analogy and the delphi method would be useful.
Some business applications in which judgmental forecasting techniques such as historical analogy and the Delphi method would be useful are the options starting with A polling, An investment firm, and the CEO of a self-driving.
The Delphi technique involves a group of experts responding to a series of questionnaires while maintaining their anonymity from one another.
The historical analogy method, which may be accurate and affordable, primarily estimates the demand for a new product.
In order to create the greatest fit forecast, it starts with forecasts and historical data of any comparable or pertinent existing products.
Hence, Options 'B', 'C', and 'E' are the answer to the question of some business applications in which judgmental forecasting techniques such as historical analogy and the Delphi method would be useful.
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What played a crucial role in making britain the site of the first industrial revolution?
Over ninety-five percent of the population was literate, which played a crucial role in making Britain the site of the first industrial revolution.
Who were the real gainers in the Industrial Revolution?
Between 1815 and 1830, there was a decline in prices and a marginal rise in salaries. Real earnings appear to have increased between 1830 and the late 1840s. The middle class and a few competent employees whose employment was spared by the new machines were the true winners in the early Industrial Revolution.
Why is the Industrial Revolution the most impactful of all revolutions mentioned?
Because it altered Europe's economic and social structure, the Industrial Revolution was revolutionary. New approaches to arranging human labor were required during the revolution in order to optimize the advantages and revenues of the new machines.
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When conducting a five cs analysis and developing the context, which factor should not be included in the analysis? a) legal context b) technology c) firm capabilities d) culture
When conducting a five cs analysis and developing the technology factors should not be included in the analysis.
Option B. technology.
In 5C analysis, the context section covers the climate i.e. the macro level environment for the situation.
It includes Political, regulatory, social, economic, technological, and cultural environments.
Part B i.e Firm's capabilities should not be included in the Context section.
The firm's capabilities come under the Company section.
5 C's include Company, customer, collaborators, competition, and context.
Context (or climate): political (trade regulations, taxes, legal issues, labor law), economic (labor costs, growth rates), social (demographics, culture, education, etc.), or technological trends (cost ?) This is also known as the five cs analysis.
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While goals should be quantitative in nature, objectives are usually expressed in qualitative terms. group of answer choices true false
The given statement while goals should be quantitative in nature, objectives are usually expressed in qualitative terms is false.
For an Objective to be successful, it must be quantitative. For instance, the target "Make a lot of money" cannot be achieved, however, the objective "Increase Profit by 20%" can be achieved as long as it is time-bound.
A goal is a vision for the future or the desired outcome that an individual or group of individuals commits to envisioning, planning, and achieving. By setting deadlines, people try to accomplish their goals in a limited amount of time.
An objective specifies the measurable steps that must be taken in order to reach the ultimate aim, whereas a goal is a realizable outcome that is typically broad and long-term.
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The federal government oversees the licensure of healthcare facilities, including hospitals.
a. True
b. False
The correct option is a. True.
The federal government oversees the licensure of healthcare facilities, including hospitals is a true statement.
What is federal government?A federal law is a form in which local state administrations that are interconnected with the national government and a central govt share power. The national government has power over some aspects of public life, while local governments have control over other aspects.
Some key features of federal government are-
The ideal places for federal governments to function are in large nations with a diversified population that has a shared culture and a range of requirements.Constitutions in federal government systems typically outline which spheres of public life the federal government will regulate and which spheres the individual states will regulate.The many different demands of a country with a big geographic area are assisted by federal governments. Therefore, it is not surprising that huge countries such as the United States, México, German, Canada, Brazil, and numerous others have federal governments.To know more about federal government, here
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As a manager or owner, what insight can accounting information about accounts receivable and bad debts provide you to help make business decisions?
The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.
It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.
The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.
The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.
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The operating license for a commercial bank is called a(n): Group of answer choices asset management permit certificate of autonomy SEC certificate of depository bank charter federal promissory note
The operating license for a commercial bank is called the SEC certificate of depository bank charter federal promissory note.
All licenses, franchises, permits, consents, approvals, registrations, certifications, and authorizations of all governmental authorities that are required or advisable for the operation of the business of any of the Company Parties are collectively referred to as Operating Licenses.
The phrase "license to operate" is frequently used to refer to the standards of conduct that must be met by a business in order to be respected by its community. "Grant of permission to execute a trade or carry out a business activity, subject to regulation or monitoring by the licensing body" is one way to define "license to operate" in more detail.
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First tennessee bank introduced a new program that allowed employees to determine their own work schedules. This type of program is called as?
First Tennessee bank introduced a new program that allowed employees to determine their own work schedules. This type of program is called Flextime.
The most popular, most manageable, and most economical flexible work option is flextime. It provides flexibility in terms of when people arrive, leaves, and/or eat meals, usually with a set core period in the middle of the day when everyone on staff is present.
Flextime is a system that permits workers to change the time they arrive at or leave work as long as they put in the required overall amount of hours.
Employees that participate in flexible scheduling can pick the start and end periods of their workday. Employees that have flexible scheduling must normally work during the business hours of their employer. Because they enable employees to successfully balance their work and personal lives, flexible work arrangements are popular.
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Over the past century, real gdp per person in the u. s. has grown about _____ percent per year, which means it doubles about every _____ years
Over the past century, real GDP per person in u. s. has grown about 2 percent per year, which means it doubles about every 35 years.
GDP measures the monetary value of final goods and services—that is, the ones that might be sold with the aid of the final consumer—produced in a country in a given time frame (say 1 / 4 or 12 months). It counts all the output generated inside the borders of a country.
Gross home product is the economic degree of the marketplace price of all the final items and services produced in a selected term by using nations. because of its complicated and subjective nature, this degree is regularly revised before being taken into consideration as a dependable indicator.
GDP may be calculated by using adding up all of the cash spent by using purchasers, businesses, and the authorities in a given length. it could additionally be calculated by including up all of the money obtained by way of all the contributors inside the financial system. In either case, the range is an estimate of "nominal GDP."
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Why should outside analysts and investors consider how effectively management has managed the company's tax exposures?
Outside analysts and investors consider how effectively management has managed the company's tax exposures because income taxes represent one of the largest expenditure incurred by a company.
Tax exposure exists whenever a company has unpaid tax liabilities which have not yet been discovered by the taxing authorities. In order to consider how effectively management has managed the company's tax exposures, the outside analysts and investors play an important role.
Taxes are the primary source of revenue for most governments. Thus, the money generated from tax is spent by government to improve and maintain public infrastructure, including the roads we travel on, and fund public services.
Hence, the answer is given and explained above.
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An organization that purchases goods or services from another company is known as a supplier.
a. true
b. false
The statement is false the correct answer will be the organization that sells goods or services to another company is known as a supplier.
A business organization that purchases goods and services for the purpose of further manufacturing is known as Industry and the entities that purchase goods for the purpose of further resale are known as resellers.
A vendor is an entity that provides goods and services to some other agency. This entity is part of the delivery chain of a business, which may additionally offer the bulk of the value contained within its products. some providers may also even engage in drop delivery, where they ship goods directly to the customers of the consumer.
A supplier is a business or person that makes items available to any other business or service. suppliers are regularly referred to as the first link in a supply chain, existing strictly in a Business to the Business relationship.
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Suppose that $4000 is invested at an interest rate of 5.3% per year, compounded continuously. What is the balance after 3 years
Compound interes, $ 4760.22 is the balance after 3 years.
If the compound interest continuously for + years
at rater per year then the compounded amount is given by D= $4000
A = Pert.
5.84. 5-8
A = 4000xe (0.058)(3)
+ = 3 years.
= $4760.22.
Compound interest is calculated by multiplying the original loan amount or principal amount by 1, plus the annual interest rate, which is the number of compounding periods minus 1. This will give you the total loan amount including compound interest.
The monthly compound interest formula is used to calculate compound interest per month. The formula for compounding monthly interest is CI = P(1 + (r/12) )12t - P. where P is the principal amount, r is the decimal interest rate, and t is the time.
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When using net present value to compare projects, the total cost approach?
When using net present value to compare projects, the total cost approach Is the most flexible method available to compare projects. Includes all cash inflows and outflows under each alternative.
Total fee technique, the whole cost technique normally consists of subtracting the bid fee from the total cost of performance and including profit in the resulting amount. This method is closely disfavored with the aid of the forums and courts.
Producers usually define supply chain charges using the full value of ownership. the total cost of ownership is defined as the aggregate of the acquisition or acquisition fee of a great or carrier. To this, they add the extra expenses incurred earlier than or after the services or products are delivered.
The whole price formulation is used to combine the variable and fixed costs of providing goods to determine a complete. The system is total fee = (common constant value x common variable value) x quantity of gadgets produced. To use this component, you need to recognize the figures for your constant and variable fees.
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In a(n) _____, throughout the range of market demand, marginal cost is less than average cost and pulls average cost downward
In a natural monopoly, throughout the range of market demand, marginal cost is less than average cost and pulls average cost downward.
As Irving Fisher explained, a monopoly is an uncompetitive marketplace that creates a situation in which a particular person or company is the sole supplier of a particular thing.
We therefore set our own terms and prices for our consumers, and achieve high profitability.
A monopoly is a company that is the sole seller of the product and has no substitute for it. Unregulated monopolies have market power and can influence prices. Examples: Microsoft and Windows, DeBeers and Diamonds, your local natural gas company.
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The term __________ refers to the __________ that a bond is expected to pay at the time of purchase.
The term bond yield refers to the rate of return that a bond is expected to pay at the time of purchase. The yield on bond is the discount rate that can be applied to bring the bond's price and the present value of all of its cash flows into balance.
In other words, the present value of all the cash flows is added to determine the price of bond. The same discount rate is used to value each cash flow in the present. The yield is the discount factor. The term bond yield refers to the rate of return.
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From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either "Passive or Interactive."
What is IMC?Integrated marketing, which coordinates all facets of a brand's marketing, is a systematic method to merging communications with interactive experiences targeting specific markets and individuals.
Some characteristics of integrated marketing communication are-
The goal of integrated marketing is to increase brand knowledge, familiarity, favorability, and buy intent. When communications are coordinated across channels, the outcomes are much greater than when using a less integrated strategy that does not coordinate.The integration between marketing has never been challenging or more crucial due to the emergence of a variety of new digital advertising platforms during the past ten years.The integrated marketing communications (IMC) plan transforms your marketing department from a collection of independent operations into one cohesive strategy. IMC combines your numerous marketing materials and channels, including digital, social media, PR, and direct mail, into one trustworthy message.To know more about integrated marketing communications, here
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How would a company's working capital be affected if a substantial amount of accounts payable were paid in cash?
If a company pays most of the major payments through cash it means its cash flow will be reduced due to the company’s working capital will also reduce but the current liabilities will remain unchanged.
Cash flow includes in Current assets of the company and is considered to be the strength of the company's working capital. therefore with the cash payments company's current assets will reduce and this reduction weakens working capital.
For example, Individual A pays most of the payments through cash and his current assets are being reduced due to that his working capital would also reduce with its cash flow but the liabilities will remain unchanged as they are long-term debt.
Liabilities are of more than a year or about a year due to that they’ll not affect the current assets of the company and this will not affect its working capital.
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A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they:______
A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they add enough value to products to outweigh the added costs.
What is marketing?Marketing refers to all actions taking by an entity towards attracting the interest of potential buyers. It consists of all activities, aimed at promoting immediate sales.
In other words, companies market their products so that they can get people interested in buying them. Also, it involves getting to know what exactly customer wants and how to meet those want.
It is to be noted that marketing includes market research and advertising. It applies to operations undertaken by an organization that facilitate the purchase or sale of a commodity, service or good hence one of the key industry and trade elements.
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ABC Corp. plans to issue subordinated notes that include warrants. The warrants allow investors to purchase ABC common stock. Based on this information, which is most likely true of the notes
It could pay a lower interest Common stock.
With the inclusion of warrants with the subordinated notes, the enterprise could pay a lower interest rate because of this added and appealing feature. Also, the notes will probably be more marketable (investors could be extra willing to shop for these notes while they're issued). The warrants no longer make it harder to sell the security within the secondary marketplace.
Common stock is a security that represents ownership in a corporation. In a liquidation, not unusual for stockholders to get hold of something property that remains after lenders, bondholders, and favored stockholders are paid. There are one-of-a-kind sorts of stocks traded within the market.
Common stock is a type of protection that represents ownership of fairness in an enterprise. There are different phrases – which include not unusual proportion, ordinary proportion, or balloting percentage – which might be equivalent to commonplace inventory.
Not unusual inventory is a form of company equity possession, a type of security. The terms vote casting proportion and ordinary share also are used frequently outside of the USA. they're known as fairness shares or regular stocks inside the united kingdom and other Commonwealth nation-states.
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In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $25,000. If Joshua had not given his son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift
Joshua will not be responsible for paying any gift tax since the value of the share is precisely 15,000. In the year 2019, each share is worth a total of $25,000.00. Because there is no tax on gifts, the value of Joshua's inheritance would have been increased by $25,000 if he had not given the stock to his son in 2018, but instead kept it for himself. This is further explained below.
What is Internal Revenue Service?Generally, The Internal Revenue Service is in charge of collecting taxes for the country and enforcing the Internal Revenue Code that Congress passed.
In conclusion, It has come to light that Joshua made a gift of XYZ shares worth $15,000 to his kid during the year 2018. This is regarded as a gift and hence may be subject to gift taxation. On the other hand, the Internal Revenue Service will not tax any gifts up to the value of $15,000 given in 2018.
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________ is the framework that managers apply to determine the competitive moves and business approaches that run the company
Strategy is the framework that managers apply to determine the competitive moves and business approaches that run the company.
A strategic framework is an aspirational blueprint that provides the interplay and brotherly love between a business enterprise's enterprise approach and its different auxiliary packages to its various stakeholders.
the six crucial factors of strategic making plans: vision, assignment, goals, method, approach, and tactics.
There are four components to a strategic framework:
enterprise objective.
approach.
dimension.
target.
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What the name of the document that explains agency relationships and must be provided to consumers at the first practical opportunity?
Disclose all facts known to the agent that are unknown to the parties or have been carefully considered and observed by the parties that materially affect the value or desirability of the property obligation.
Under Code Section 40-57-370, a real estate licensee must provide a reasonable explanation of the agency relationship provided by the licensee's brokerage firm. this must be done on the first actual occasion of material contact between you and the Licensee.
The agency agreement modifies the original selling agreement and buyer representation agreement entered into by the agency. It highlights what buyers and sellers should expect when agreeing to a relationship between two agencies.
An agency relationship is formed when an agency disclosure or contract is signed by an agency and a buyer or seller. In many cases, customers are not legally required to agree to sign anything. the contract or disclosure states that the agent is acting on behalf of the client and in the client's best interests.
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Peg bought a stock at a price of $23. she received a $1.50 dividend and sold the stock for $25. what is peg’s capital gain on this investment?
Peg’s capital gain on this investment is $2
Capital gain = Selling price – Purchase price
= $25 - $23
= $2 (Answer)
Capital goods, or capital, consist of "durable producer goods that are in turn used as productive inputs in the further production" of goods and services. At a macro level, "A country's capital stock includes buildings, equipment, software, and supplies in a given year."
Capital is a broad term for anything that gives value or utility to its owner. For example: Factories and their machinery, intellectual property such as patents, or financial assets of companies and individuals.
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The ______ is an example of a black swan event.
a. 2008 global financial crisis
b. duty to file taxes
c. start of the academic year
d. annual flu season
The 2008 global financial crisis is an example of a black swan event .
What are black swan events ?
A black swan event is an extremely negative event or happening that is unexpected , which results in a decisively negative impact on the markets and is often hard to fully conceptualize in term of scope.
In relation to the financial markets, a black swan event is supremely negative ,leaving widespread destruction and notoriously uncertain outcomes.
In order to be characterized as a black swan event , the event must have drastically negative , widespread effect , be marked with a level of uncertainty ; and leads to the exhibition of " hindsight bias," being proven 'predictable'based solely on information learned in hindsight.
Global Financial Crisis of 2008
The trouble started after years of steady growth following the dot-com bubble at the turn of century. Employment rates were high , and inflation rates were low, lending institutions - and the country as a whole -fell into a pattern of financial complacency. Interest rates fell more than 4% from 2001 to 2008 and there was plenty of easy money available to both individuals and businesses.
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