[Solution]Federal Reserve System

list at least two (2) functions of the Federal Reserve System and describe how the decisions made for each of the two (2) functions you…

list at least two (2) functions of the Federal Reserve System and describe how the decisions made for each of the two (2) functions you chose could potentially impact the U.S. economy.
Next, describe how those functions may personally impact you or any U.S. Citizen.

THIS IS A LINK YOU CAN WATCH A 4 MIN CLIP OF FEDERAL RESERVE

Define the following terms, explain with an example where relevant.

1. Managerial Accounting
2. What is the difference between Managerial Accounting (MA) and Financial Accounting (FA)?
3. What form of legal incorporation is preferred in Canada and why?
4. What are the reporting requirements for MA vs FA in terms of timeliness?
5. Who are the users of MA and FA information typically?
6. Fixed overheads
7. Variable overheads

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