Transfer payments are an injection into the circular flow of income and expenditure model

What is true about the Federal Reserve System?

a. The Fed prints US currency and investigates counterfeit currency cases b. The Fed accepts deposits from and makes loans to commercial banks c. The Fed is a lender of last resort for high-poverty small businesses d. There are 21 Federal Reserve Banks across the US

A sole proprietorship is typically a relatively small business because

a. its operations must stay within state borders b. it is operated out of the proprietor's home c. there are no employees, only working family members d. there are no bank loans available for expansion e. expansion often requires a partner or conversion to another form of business organization