What is the fundamental difference between IFRS and GAAP? A) GAAP relies more on specific rules and the spirit of the rules. B) GAAP relies more on general principles as well as the spirit of those rules. C) GAAP relies more on general principles but ignores the spirit of those principles. D) GAAP relies more on specific rules but not the spirit of the rules.

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

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3rd the reason why is because of management and leadership