E7-6 rachel sells is unable to reconcile the bank balance at january 31. rachel's reconciliation is shown here. identify internal control weak- nesses for cash disbursements and suggest improvements. (lo 2), e prepare bank reconciliation and adjusting entries. (lo 3), ap cash balance per bank add: nsf check less: bank service charge adjusted balance per bank cash balance per books less: deposits in transit add: outstanding checks adjusted balance per books $3,677.20 450.00 28.00 $4,099.20 $3,975.20 590.00 770.00 $4,155.20 determine outstanding checks. (lo 3), ap (a) what is the proper adjusted cash balance per bank

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.