Although the Federal Open Market Committee does not have formal authority to set ________ and the ________, it does possess the authority in practice
A) margin requirements; discount rate
B) margin requirements; federal funds rate
C) reserve requirements; discount rate
D) reserve requirements; federal funds rate
C
Business
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Which of the following accounts normally has a credit balance?
a. cash b. accounts receivable c. service revenue d. dividends
Business
The mortgage insurance on an FHA loan:
A: Protects the borrower from a fire loss; B: Protects the lender in the event of the trustor's death; C: Protects the lender in the event of default; D: Is paid for by the lender.
Business