The majority of the Fed's assets are______.
A．US government securities
B．discount loans
C．loans to member banks
D．reserves of member banks
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The following statements are true of FIFO except that______.
A．FIFO cost flow assumption assumes that the first item purchased is the first item sold
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Leaders need to adapt their behaviour to suit different circumstances.
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Secondary markets make financial instruments more______.
A．fluid
B．solid
C．risky
D．liquid