What is the role of Federal Reserve system? 7. What is the role of Financial manager?

Do not rewrite the questions. Brief answers & straight to the point, and no vocabulary needed. Use the materials to answer ques. Note the question and answer, example: 1. ANSWER. Chap 14 1. Distinguish between data and information. 2. Why is the distinction important to Business people in their management of information? 3. What steps can organizations and individuals take to prevent computer crime? Chap 15 4. List & define the major financial statements. 5. Explain the basic accounting equation. Chap 16 6. What is the role of Federal Reserve system? 7. What is the role of Financial manager?