Banks can hold deposits at the Federal Reserve. Balances in these accounts can be used by banks to meet their reserve requirements, but the Fed pays no interest on these deposits

What are liabilities?

A) anything of value owned by a person or a business B) only those unpaid expenses for which a business or person is making interest payments C) the total cost of labor for a firm D) anything a person or a business owes to entities outside the business

When congressional representatives vote on an appropriations bill, they must vote yea or nay, taking the bad with the good. This statement best reflects the:

A. paradox of voting. B. regulatory capture effect. C. benefits-received principle. D. concept of limited and bundled choices.