On the Fed's Balance Sheet an Item in the Process

question 33

Multiple Choice

On the Fed's balance sheet an item in the process of collection

• A)is an asset.
• B)is a liability.
• C)represents funds the Fed has promised to pay to a bank that has presented a check to be cleared.
• D)represents an overdue discount loan to a commercial bank.

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Definitions:

Evidence Suppression

The legal process by which certain evidence is prevented from being shown in court due to its illegal acquisition or irrelevance.

Drug-Smuggling

The illegal importation or exportation of drugs or controlled substances across borders.

General Writing

Non-specialized text crafted for a broad audience, often encompassing a wide variety of genres and styles.

Correct Sentence

A grammatically accurate statement that conveys a complete thought with proper structure.