The largest expenditure component of the federal budget is spending on

A) the military. B) foreign aid.
C) environmental protection programs. D) entitlement programs.

D

Economics

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If a financial institution has 50% of its portfolio in a bond with a five-year duration and 50% of its portfolio in a bond with a seven-year duration, what is the duration of the portfolio?

A) 12 years B) 7 years C) 6 years D) 5 years

Economics

Securities that banks sell and agree to repurchase are known as

A) federal funds. B) discount loans. C) repurchase agreements. D) NOW accounts.

Economics