1. The rate the Fed charges member banks for short-term loans is called the A.

1. The rate the Fed charges member banks for short-term loans is called the A. margin rate. B. federal funds rate. C. discount rate. D. reserve requirement. 2. _______ planning involves choosing specific work targets and assigning employees and teams to carry out plans. A. Contingency B. Operational C. Strategic D. Tactical 3. The Social Club is conducting a breakeven analysis to determine how many tickets it must sell at $15 each to break even on the Holiday Dance. Fixed costs are $2000 and the variable cost per person is $10. To break even the Social Club must sell ________ tickets. A. 500 B. 400 C. 800 D. 80 4. The country Artesia exported products totaling $86 billion last year. During the year Artesia imported products valued at $43 billion. Artesia has a/an A. trade deficit of $43 billion. B. unfavorable balance of payments. C. trade surplus of $43 billion. D. exchange rate of 2 to 1.

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