The Federal Reserve's main source of income is
a. fees charged to banks.
b. funds budgeted by Congress.
c. fees charged to the public every time they use an ATM.
d. income from interest on the government securities it owns.
Answer: d. income from interest on the government securities it owns.
Economics
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An increase in demand for resources fixed or specific to an industry will cause their earnings _____ because those resources cannot be released from other industries.
a. to fall b. to rise by the same rate as for all resources c. to rise disproportionally d. to fall disproportionally
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Microprudential supervision focuses on the safety and soundness of
A) individual financial institutions. B) the financial system as a whole. C) the shadow banking system. D) government credit agencies.
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